Amendments to Single Audit Become Law

President Clinton recently signed the Single Audit Act Amendments of 1996, which modify certain provisions of the Single Audit Act of 1984. This article will describe briefly the background of the new legislation and how it will affect audits of state and local governments.

Background

Prior to 1984, state and local governments often had to face multiple and sometimes overlapping audits by federal grantor agencies. The Single Audit Act of 1984 streamlined federal audit requirements for state and local governments by replacing separate audits of individual grants with a "single" audit of federal awards specifically designed to meet the needs of all federal grantors. In 1985, the U.S. Office of Management and Budget (OMB) issued Circular A-128, Audits of State and Local Governments, which provided specific implementation guidance to auditors performing single audit engagements.

In 1990, the OMB used its regulatory authority (rather than legislation) to extend the single-audit concept to …

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Publication information: Article title: Amendments to Single Audit Become Law. Contributors: Not available. Magazine title: Government Finance Review. Volume: 12. Issue: 5 Publication date: October 1996. Page number: 39. © 1999 Government Finance Officers Association. COPYRIGHT 1996 Gale Group.

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