A-133 Compliance Supplement MAY be Coming Soon
The Office of Management and Budget recently provided AICPA’s Governmental Audit Quality Center a draft version of the 2011 OMB Circular A-133 Compliance Supplement for review. While only AICPA members can currently access the document, it could be an indication that OMB is on track to issue the guidance very soon.
In the past, the Compliance Supplement was traditionally updated each spring, but in recent years the guidance has been released later and later. The 2010 version was not posted to the OMB website until July.
In response to a recommendation in a recent GAO report, OMB said its goal this year was to publish the Compliance Supplement by March 31 — and it looks like they may be close!