SD Mayer & Associates is your trusted advisory firm for A-133 audit compliance. We provide service with a personal touch and work with businesses, nonprofits and corporations to perform Single Audits that comply with the Single Audit Act, otherwise known as OMB Office of (Management and Budget) Circular A-133. Our team consists of dozens of skilled professionals, and we can leverage more than 40 years of experience to ensure that you fulfill all the requirements necessary to meet regulatory demands and qualify for future federal awards.
WHAT IS A FEDERAL OMB CIRCULAR A-133 AUDIT?
The United States government requires Federal OMB Circular A-133 audits for entities that expend at least $750,000 of federally allocated funds in a fiscal year — including grants and awards. These audits provide an in-depth financial assessment to ensure received funds are spent in compliance with the reasons they were allocated, and they’re a requirement to qualify for future funding. If you fail to submit an audit, you could face significant penalties under federal law, including suspension of funds and grant termination.