OMB Circular A-133 in United States

Definition of Office of Management and Budget (OMB) Circular A-133

A concept of Office of Management and Budget (OMB) Circular A-133 applicable in the United States: The instructions provided by the Office of Management and Budget (OMB) regarding audits of states, local governments, and nonprofit organizations that receive federal funding. Under OMB Circular A-133, nonprofit organizations that receive $750,000 or more in federal funds grants per year must have their financial statements audited.

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See Also

• Charity
• Foundation
• NGOs