A-133 Audit

Wipfli/JOSEPH EVE is a recognized leader in providing **Uniform Guidance** Circular A-133 audits (single audits) for tribal governments, housing authoritieshigher education organizations, and other nonprofit clients.

SERVICES

An OMBA-133 (single audit) is a federally required audit performed on entities that expend more than $750,000 of federal funding in a fiscal year.AnA-133 audit includes auditing the financial statements and the federal awards programs, and testing the compliance requirements and effectiveness of internal control. We work closely with our clients to help them understand the complex federal rules and regulations. We tailor our audit approach to each client to maximize effectiveness and efficiency. We can also assist in preparing the data collection form and the reporting package for submission to the Federal Audit Clearinghouse.

UNIFORM GUIDANCE

Audit 133Comprehensive federal grant reforms contained in 2 CFR 200: Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards became effective December 26, 2014 and affect any new federal grant awards received after December 26, 2014.  While the Uniform Grant Guidance contained in 2 CFR 200 incorporates many of the concepts and language directly from the prior OMB circulars, it replaces administrative changes to procurement standards; so, internal control documentation will require grantees to evaluate and revise existing policies to be in agreement with the Uniform Grant Guidance. This is the most expansive reform since the Single Audit Act of 1984. Ultimately, the new guidance will alter procedures and expectations for anyone who works with or monitors federal grants. The transition from compliance to a new emphasis on performance has changed the entire landscape. The audit team from Wipfli/JOSEPH EVE has extensive experience in performing OMB A-133 audits and use this experience to assist clients in developing cost-effective implementation plans with practical suggestions revisions that may be needed within your organization.  As your financial advisor, we are committed to help you remain current in your ever-changing environment of governmental accounting and federal and state grant management.

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