New Circular A-133 guidance.
The U.S. Office of Management and Budget recently issued Revisions
to OMB Circular A-133, which among other things, includes updated
terminology consistent with SAS 112 requirements.
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The OMB has also issued the 2007 Circular A-133 Compliance
Supplement. Updated annually, the Supplement identifies important
compliance requirements that the federal government expects to be
considered as part of a single audit. The 2007 Supplement is effective
for audits of fiscal years beginning after June 30, 2006.
For more information, visit www.whitehouse.gov/omb.
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