SINGLE AUDIT (OMB CIRCULAR A-133 AUDIT)
Single Audit (OMB Circular A-133 Audit)
The Single Audit Act Amendments of 1996 (OMB Circular A-133 Audit) were enacted to streamline and improve the effectiveness of audits of federal awards expended by states, local governments, and not-for-profit entities (referred to as non-federal entities), as well as to reduce audit burden. The A-133 Audit Act requires these audits, referred to as “single audits” to be conducted by an independent auditor. Single audits have a significant public interest component as they are relied on by federal agencies as part of their administrative responsibilities for determining compliance with the requirements of federal awards by non-federal entities.
The SD Mayer Advantage
SD Mayer & Associates is the recognized leader in single audits for nonprofit organizations, states and local governments. Single audits (compliance supplement) are required for entities that receive federal awards exceeding $750,000 annually, in accordance with the Single Audit Act and OMB Circular A-133.
Our team has extensive experience conducting audits, and we are thoroughly familiar with all of the applicable laws, regulations and OMB Circular A-133 compliance requirements, as well as the funding sources of our clients’ programs.
Our approach includes:
Risk-Focused Analysis: Move the focus of the audit from the balance sheet to the objectives and strategies of your organization, risks that impact them and key processes that manage them.
Value-Added Service: Expert business advice based on best practices and industry-specific organization.
A-133 Audit Optimization With Technology: Our state-of-the-art technology solutions offer an enhanced audit experience throughout the process, while bolstering efficiences. All work is stored electronically, using the most widely available audit software.
Why SD Mayer
With a focus on applying technology and a fresh way of thinking to each client engagement, SD Mayer is transforming the nature of client service in the accounting industry. For our business clients, we are your trusted advisor, providing actionable insights to solve today’s business issues and strategize for future growth. For our individual clients, we focus on helping you achieve financial security through estate planning, investment guidance, insurance and tax planning, and retirement planning. Whatever life stage you or your business are in, SD Mayer will have your back as your trusted advisor.