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Audit/Reports Review FormRevised 8//2019Provider Name: Date Audit Received: Audit Period: Audit Firm: Date of Audit Report: Level I Recipient or subrecipient that receives, holds, uses, or expends
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Various organizations and agencies may require the submission of an A-133 form. This form is typically required by entities that receive federal funding or grants, such as non-profit organizations, government departments, educational institutions, and other recipients of federal assistance. Additionally, auditors may require organizations to fill out an A-133 form as part of the audit process to assess and verify the financial accountability of the recipient of federal funds.
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An A-133 is a single audit report that is required for entities that receive federal funding. It is used to provide assurance on the financial statements and internal controls of the entity.
Entities that receive federal funding of $750,000 or more in a fiscal year are required to file an A-133.
An A-133 report can be filled out by following the instructions provided by the Office of Management and Budget (OMB) and the Governmental Audit Quality Center (GAQC). The report includes financial statements, schedule of expenditures of federal awards, and auditor's findings.
The purpose of an A-133 is to provide transparency and accountability in the use of federal funds by entities that receive such funding. It helps ensure that the funds are used for their intended purposes and that proper internal controls are in place.
Information that must be reported on an A-133 includes financial statements, schedule of expenditures of federal awards, auditor's findings, and compliance with laws and regulations related to federal funding.
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