Single Audit (A-133 Audit)

For fiscal years ending before December 25, 2015, a Single Audit is required if the subrecipient expends $500,000 or more in federal awards during its fiscal year and must be conducted in accordance with OMB Circular A-133. For fiscal years ending on or after December 25, 2015, a Single Audit is required if the subrecipient expends $750,000 or more in federal awards during its fiscal year and must be conducted in accordance with 2 CFR Part 200, Subpart F.