2015 OMB Compliance Supplement available
FINANCIAL REPORTING INSIGHTS |
The Office of Management and Budget (OMB) has issued OMB Circular A-133 Compliance Supplement 2015.
This edition of the Supplement contains new and critical information for testing expenditures subject to the OMB's Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards at 2 CFR 200 (Uniform Guidance) in single audit engagements. In addition to the major Uniform Guidance changes, the Supplement includes the normal types of changes made by the OMB each year such as the addition, deletion and modification of various federal programs. Overall, the amount of change, primarily in the form of additions to the Supplement, is more significant than in recent years. Appendix V, List of Changes for the 2015 Compliance Supplement, summarizes the type of changes made and identifies the specific programmatic changes by Catalog of Federal Domestic Assistance number.