The Single Audit Act of 1984 | Governmental Course | CPA Exam FAR

Are you a CPA candidate or accounting student? Check my website for additional resources such PPT slides, notes, practice multiple choices, exercises and T/F questions.
🚀https://farhatlectures.com/
Connect with me on LinkedIn:
✔  / professorfarhat  
💥Facebook: @accountinglectures
Instagram Account: @farhatlectures
Twitter: @farhatlectures
Email: [email protected]
#cpaexam #governmentalaccounting #accountingstudent

Government auditing standards:
   • Government Auditing Standards - Yello...  

Website:
www.farhatlectures.com

Like us on Facebook:
  / accountinglectures  

Visit the website where you can search using a specific term:
http://www.farhatlectures.org/

Connect with Linked In:
  / mansour-farhat-cpa-cia-cfe-macc-2453423a  

The Single Audit Act of 1984 was enacted to provide uniform requirements for audits of state and local organizations receiving federal financial assistance. Following the legislation, the Office of Management and Budget (OMB) issued Circular A-133 providing requirements for federal agencies in administering grants for nongovernmental not-for-profit organizations, even though those organizations were not covered under the 1984 act. Congress enacted the Single Audit Act Amendments of 1996 that extended the 1984 law to include federal assistance to nongovernmental not-for-profit organizations.