Guidance 213 - Circular A-133

Although OMB revised Circular A-133, Audits of Institutions of Higher Education and Other Nonprofit Institutions, to incorporate most of the requirements of the Single Audit Act Amendments in April 1996, the agency had to make further changes to implement all of the amendments’ requirements. OMB issued a revised Circular A-133, Audits of States, Local Governments and Nonprofit Organizations, on June 30, 1997. The revised circular superseded the previous versions of Circular A-133 and rescinded Circular A-128. Like the 1996 amendments, the circular applied to audits of fiscal years beginning after June 30, 1996. The revised Circular A-133 included: an increased audit… Read More