Get the free Single Audit Act (A-133) - Federal Transit Administration

U.S. Department of Transportation Federal Transit Administration REGION VIII Colorado, Montana, North Dakota, South Dakota, Utah and Wyoming 12300 West Dakota Avenue Suite 310 Lakewood, Colorado 80228

How to fill out single audit act a-133

How to Fill out Single Audit Act A-133:

1. Begin by familiarizing yourself with the Single Audit Act A-133 guidelines and requirements. This act outlines the responsibilities of non-federal entities that receive federal funds in order to ensure proper accountability and transparency.
2. Obtain a copy of the A-133 Compliance Supplement, which provides detailed instructions and guidance on reporting and auditing procedures for various federal programs. This document will help you understand the specific requirements related to the federal funding you have received.
3. Assess your organization's internal control system to ensure it is in compliance with the A-133 guidelines. This includes reviewing financial management systems, procurement practices, and monitoring mechanisms to demonstrate effective oversight of federal funds.
4. Identify the federal programs that your organization participates in and determine the applicable compliance requirements for each program. This may involve reviewing grant agreements, program regulations, and guidance from federal agencies.
5. Prepare the Schedule of Expenditures of Federal Awards (SEFA), which lists all federal programs and the corresponding expenditures incurred during the reporting period. Ensure accuracy and completeness of this schedule by reconciling it with your organization's financial records.
6. Perform testing and documentation of internal controls over federal programs. This involves evaluating the design and effectiveness of internal control procedures, identifying any weaknesses or deficiencies, and implementing corrective actions if necessary.
7. Conduct compliance testing to determine if you have complied with the specific requirements of each federal program. This may involve reviewing supporting documentation, examining the use of funds, and verifying that program objectives are being achieved.
8. Prepare the data collection form for the auditor, which includes providing detailed information about your organization's federal programs, expenditures, and related documentation.
9. Collaborate with the auditor throughout the audit process, providing access to relevant records and documentation, addressing any inquiries or concerns, and participating in follow-up activities as required.
10. Finally, review the audit findings and recommendations provided by the auditor and take appropriate actions to address any identified deficiencies or non-compliance issues.

Who needs Single Audit Act A-133?

1. Non-federal entities that expend $750,000 or more in federal awards in a fiscal year are required to undergo a single audit in accordance with the Single Audit Act A-133.
2. This includes state and local governments, colleges and universities, non-profit organizations, and certain quasi-governmental entities.
3. The purpose of the single audit is to ensure that federal funds are used efficiently, effectively, and in compliance with applicable laws and regulations. It provides assurance to federal agencies, taxpayers, and the public that the funds are being properly managed and accounted for.

For pdfFiller’s FAQs

What is single audit act a-133?

The Single Audit Act A-133 is a federal legislation that requires recipients of federal grants to undergo an audit to ensure compliance with grant regulations and requirements.

Who is required to file single audit act a-133?

Any entity that expends $750,000 or more in federal grant funding in a fiscal year is required to file the Single Audit Act A-133.

How to fill out single audit act a-133?

The Single Audit Act A-133 must be filled out by following the guidelines provided by the Office of Management and Budget (OMB) and using the required forms and reporting templates.

What is the purpose of single audit act a-133?

The purpose of the Single Audit Act A-133 is to promote accountability and transparency in the use of federal grant funds and to ensure compliance with grant regulations.

What information must be reported on single audit act a-133?

The Single Audit Act A-133 requires reporting on the use of federal grant funds, compliance with grant regulations, internal controls, and any findings or questioned costs.

How do I modify my single audit act a-133 in Gmail?

You may use pdfFiller's Gmail add-on to change, fill out, and eSign your single audit act a-133 as well as other documents directly in your inbox by using the pdfFiller add-on for Gmail. pdfFiller for Gmail may be found on the Google Workspace Marketplace. Use the time you would have spent dealing with your papers and eSignatures for more vital tasks instead.

How do I complete single audit act a-133 online?

Filling out and eSigning single audit act a-133 is now simple. The solution allows you to change and reorganize PDF text, add fillable fields, and eSign the document. Start a free trial of pdfFiller, the best document editing solution.

How do I edit single audit act a-133 online?

pdfFiller allows you to edit not only the content of your files, but also the quantity and sequence of the pages. Upload your single audit act a-133 to the editor and make adjustments in a matter of seconds. Text in PDFs may be blacked out, typed in, and erased using the editor. You may also include photos, sticky notes, and text boxes, among other things.