OMB A-133 Compliance Audits
The OMB A-133 Compliance Supplement (Supplement) is a large and extensive United States federal government guide created by the Office of Management and Budget (OMB) and used in auditing federal assistance and federal grant programs, as well as their respective recipients.
The Supplement sets forth standards for obtaining consistency and uniformity among Federal agencies for the audit of non-Federal entities expending Federal awards. It serves to identify existing important compliance requirements that the Federal Government expects to be considered as part of a Single Audit. Without it, auditors would need to research many laws and regulations for each single program of a recipient to determine which compliance requirements are important to the Federal Government. For Single Audits, the Supplement replaces any agency audit guides and other audit requirement documents for individual Federal programs. It is considered to be the most important tool of an auditor for a Single Audit.
The Senior Partner at A.G. Neequaye Accounting Services is extremely well versed in the performance of OMB A-133 compliance audits. As a significant part of his experience involved local governments, a majority of the assignments involved performing single audits as local governments invariably receive federal funding. The local government experience included Cities, Counties, Transit Districts, Housing Authorities, School Districts all of which received federal funding.