OMB issues Circular A-133 2005 Compliance statement.

• Position: Office of Management and Budget - Brief Article

The Office of Management and Budget's Circular A-133 2005, Compliance Supplement, identifies compliance requirements that the federal government expects as part of an audit in accordance with the single audit act and OMB Circular A-133, Audits of States, Local Governments and Not-for-profit Organizations.

The 2005 supplement is effective for audits of fiscal years beginning...