The New Single Audit Threshold, Just In Time for the Holidays

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We’ve been keeping an eye on the OMB Circular A-133 reform and it has finally moved from “in the pipeline” to “actually published”. On December 26, 2013, most of you certainly had Single Audit thresholds foremost in mind as the Office of Management and Budget (OMB) published its final revised grant rules. A key change that will impact a number of you, is the change to the threshold determining who must undergo an A-133 audit. Currently, if the organization expends $500,000 or more in federal funding (cumulative of all federal grants awarded), it must obtain a Single Audit. The …read more

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Aronson LLC has been thinking ahead for its clients for more than 50 years. Aronson’s construction, real estate, government contracting, nonprofit, technology and private industry experts provide innovative audit, tax, and consulting services that help its clients move to the next level. From start-up to exit strategy, Aronson works with companies throughout the entire business lifecycle by proactively identifying opportunities and addressing challenges so that clients are able to focus on their core business. Aronson shows companies how to rethink everything to be more profitable, more competitive and better prepared for the future.

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