2010 Compliance Supplement Released
The 2010 A-133 Compliance Supplement is now available on the OMB website. As usual, changes have been throughout the guidance to reflect new statutory and regulatory requirements, and to make technical and clarifying revisions. But perhaps the most important change, at least for this year, is the information on the Recovery Act and its impact on single audits.
The Recovery Act discussion is found in Appendix VII, which is called a rather vaguely named “Other OMB Circular A-133 Advisories.” The guidance addresses the impact of these new funds on the SEFA, major program determination, and risk assessment.
I’ll post more information once I have looked through the supplement, but for now, I just wanted to alert everyone to the release.