OMB Circular A‑133

OMB Circular A-133 is a federal directive that sets forth audit requirements for nonprofit organizations and state and local governments that expend $750,000 or more in federal funds in a fiscal year. The circular outlines standards for obtaining consistency and uniformity among federal agencies regarding audits of organizations expending federal awards. It details responsibilities for both the recipient and the auditor, including requirements for reporting, compliance, and internal controls. Although superseded by the Uniform Guidance (2 CFR Part 200) in December 2014, many organizations and professionals still reference A-133 for understanding historical audit requirements and federal grant compliance prior to this update.