OMB Issues A-133 Compliance Supplement Addendum
Washington, Aug. 12 – The Office of Management and Budget added numerous requirements for auditing American Recovery and Reinvestment Act programs in a recent addendum to the 2009 Circular A-133 Compliance Supplement. The addendum includes special tests and provisions for Recovery Act awards, along with guidance stressing the importance of internal controls over Recovery Act funds.
The 301-page addendum, as well as the entire 2009 compliance supplement, applies to audits of fiscal years beginning after June 30, 2008. Section 3 of the addendum provides guidance on three special tests and provisions for Recovery Act awards — the importance of auditees keeping Recovery Act funds separate, presenting Recovery Act funds on the Schedule of Expenditure of Federal Awards and Data Collection Form, and informing subrecipients at the time of the subaward of their responsibilities to provide the required data.
