An A-133 Audit is done when you receive grants from granting agencies such as the National Institute of Health (NIH), Department of Energy (DOE), and have expenditures of over $750,000 in a calendar year.
This is for all grants together; not a single grant threshold. So, if you have five grants in a particular year, and they total $750K in expenditures on all of those grants, you are required to have an A-133 Audit.
The A-133 Audits by agencies are not performed by the actual agencies. You, as the government contractor, have to go out and have a CPA perform the A-133 Audits.
We at PWCPA PC are experienced in performing A-133 Audits.
Need Government Contract Accounting help? With 20+ years of experience, our experts at Peter Witts CPA PC are here to answer any questions you have about A-133 Audits.
I’m Kristin, the PWCPA PC Customer Success Specialist. For more information about this topic, or any other, you can always reach me through our customer ticketing system.
