OMB Issues 2010 A-133 Compliance Supplement

Washington, Aug. 3 – The Office of Management and Budget has issued the long-awaited 2010 Circular A-133 Compliance Supplement that contains a number of requirements for auditors conducting single audits to follow when evaluating a grantee’s Section 1512 reports under the American Recovery and Reinvestment Act, along with details related to the new Federal Financial Form (SF-425). It will apply to audits of fiscal years beginning after June 30, 2009.

The final version of the 1,400-plus-page supplement specifically includes more details on Recovery Act reporting requirements, as well as updated program clusters, compared to a draft A-133 Compliance Supplement the OMB issued to select industry organizations in early June.