The Single Audit Act Indian Self Determination and Educational Assistance Act OMB Circular A-133 Requirements Report Submission, Report Review, and Findings Resolution Process. Presentation Outline. Basic Information. Single Audit Act and other Criterion
The Single Audit ActIndian Self Determination and Educational Assistance Act OMB Circular A-133 RequirementsReport Submission, Report Review, and Findings Resolution Process
Michael Oliva, Director
Office of Internal Evaluation and Assessment
Office of the Deputy Assistant Secretary – Management
Phone: (703) 390-6537 Fax: (703) 390-6325
Sr. Management Analyst
Management Analyst (703) 390-6XXX
(703) 390-6578Office of Internal Evaluation and Assessment OMB Circular A-133 Team
Authority: 5 IAM 2 Section 2.7 (A)
Approximately sixty percent of Bureau of Indian Affairs annual budget is expended through contracts, compacts, and grants with Indian tribes and tribal organizations.
The single audit is the primary mechanism used by Federal agencies, including the Bureau of Indian Affairs, to ensure accountability for Federal awards.
States, tribal governments and local governments knew:
what was involved in the audit process
what was expected of them as the recipient, and
what the products of the audit would be.
Single Audit Act 1984
Single Audit Act 1984
OMB has subsequently increased the threshold amount. For fiscal years beginning after December 31, 2003, the threshold increased to $500,000.
Authority: Section 530 of Circular A-133.
In Order to be a low-risk auditee, the entity must meetALL of the criteria for each of the preceding two years (or, in the case of biennial audits, the preceding two audit periods; however, a biennial auditee will not qualify as low-risk auditee unless approved in advance by the cognizant or oversight agency).
However, the auditor is still required to audit all Type A major programs that are not low risk.
Authority. P.L.93-638 Sec 450c.(b)
The Comptroller General and the appropriate Secretary, or any of their duly authorized representatives, shall, until the expiration of three years after completion of the project or undertaking referred to in the preceding subsection of this section, have access (for the purpose of audit and examination) to any books, documents, papers, and records of such recipients which in the opinion of the Comptroller General or the appropriate Secretary may be related or pertinent to the grants, contracts, subcontracts, sub-grants, or other arrangements referred to in the preceding subsection.
Authority: P.L. 93- 638 Section 450c (f).
Authority: 25 CFR 900 (F)
Authority: P.L. 93-638 Sec 900.45, 25 CFR 900.35 & 43 CFR 12.60
Authority: P.L. 93-638 and 25 CFR 900.39
OMB Circulars that affect Single Audits
Compliance Supplement (Contd.)
III Responsibilities 2008IEA.ppt
VII Advance F Funds2008IEA.ppt
VIII SA Risk Base Appr 2008IEA.ppt
IX SA GASB 34 2008IEA.ppt
X SA General Info2008IEA.ppt