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.