Audits of States, Local Governments, and Non-Profit Organizations
other · US Department of Agriculture · Rule · Published 2005-06-16 · Effective 2005-08-15 · 70 FR 34985
Document
Document number
05-11840
Federal Register citation
70 FR 34985
CFR reference
7 CFR 3052
Type
Rule
Action
Direct final rule.
Category
other
Sub-agency
US Department of Agriculture
Publication date
2005-06-16
Effective date
2005-08-15
Abstract
The United States Department of Agriculture (USDA) is amending 7 CFR part 3052 to implement the Office of Management and Budget (OMB) revisions to Circular No. A-133. These amendments increase the threshold for audit from $300,000 to $500,000; increase the threshold for cognizant agency for audit from $25 million to $50 million; make related technical changes to facilitate the determination of cognizant agency for audit; and provide for Federal agency reassignment of oversight agency for audit.