Single Audit (OMB A-133)
2014
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01.13
Grant Reform Increases A-133 Audit Threshold
The Office of Management and Budget (OMB) recently released new guidelines raising the threshold for compliance audits of entities that expend federal award money to $750,000 per fiscal year. Nonprofit organizations and other entities will be required to perform a single audit if they cross this threshold. The new rules are applicable beginning on or […]