Fice Of Management And Budget - 1366 Words

OMB A-133 OMB Circular A-133 is a huge intensive United States federal government guide which is created by the Office of Management and Budget. It establishes requirements for audits of States, local governments, and Indian tribal governments which manage Federal financial assistance programs and Federal grant programs. In 1985, OMB Circular A-128, â€Å"Audits of States and Local Governments† was issued by the Office of Management and Budget (OMB). Then, in 1990, OMB Circular A-133, â€Å"Audits of Institutions Of Higher Education and Other Non-Profit Organizations†, was issued to extend the process of the single audit to nonprofit organizations. In 1996, the Single Audit Act Amendments was signed by the president, which issued the†¦show more content†¦These compliance requirements as a Supplement, provides large amounts of information for auditors to know about the Federal program’s objectives, procedures, and compliance requirements relevant to audit objectives and audit procedures. Without the Supplement, it will ask auditors to spend a lot of time on researching laws and regulations for the audit requirements of each program that are essential to Federal Government’s regulations and have significant effects on the programs. Thus, using the Supplement of OMB Circular A-133 is a convenient and efficient way for auditors to perform audits on these programs. OMB Circular A-133 states that Federal agencies should annually inform any update of the Supplement to OMB. To inform the update, the Federal agencies must provide OMB with the current information of program objectives, procedures, compliance requirements and noncompliance requirements which are essential and necessary to the Federal programs. On the other hand, auditors should be aware of the periodical changes in the laws and regulations which might happen between the changes and revisions to the Supplement of OMB A-133. Furthermore, auditors should know that provisions of contracts and grant agreements which make changes in small details that may not be recorded as laws or regulations, soShow MoreRelatedFice Of Management And Budget Essay728 Words   |  3 Pagesâ€Å"The Office of Management and Budget† is overhauling Appendix III Security of Federal Automated Information Systems of Circular No. A-130 Administration of â€Å"Federal Information Resources†. This is the third phase of arranged corrections to â€Å"Circular A-130†. â€Å"Institution of the Information Technology Management† Reform â€Å"Act of 1996† will oblige OMB to issue extra direction on capital arranging, venture control and the administration of data innovation. An arrangement for those corrections will beRead MoreErp Implementation8034 Words   |  33 Pages  in   a   university   structure,   measuring    the return on an ERP investment in an educational institution, and managing organizational change are discussed.   [Article copies are available for purchase from InfoSci-on-Demand.c om] Keywords: Change Management; Enterprise Resource Planning; Higher Education ORGANIZATIONAL BACKGROUND Drummond   University   (DU)   was   founded   in   1892   in   a   small   town   in   the   Midwest.   The   university    began as a teacher preparatory school, but over the yearsRead MoreErp Sap Research Paper46896 Words   |  188 Pages Using MIS 21e  © 2009 Kr oenke, Experiencing MIS  © 2008 Laudon/Laudon, Management Information Systems 10le  © 2007 Laudon/Laudon, Essentials of Management Information Systems 81e  © 2009 Luftman et aI., Managing the IT Resource  © 2004 Malaga, Information Systems Technology  © 2005 McKeen/Smith, IT Strategy in Action  © 2009 McLeod/Schell, Management Information Systems 10le  © 2007 McNurlin/Spr ague, Information Systems Management In Practice 7Ie  © 2006 Miller, MIS Cases: Decision Making with ApplicationRead MoreLayout Plan.14080 Words   |  57 PagesOPERATIONS MANAGEMENT: - PLANT LAYOUT The assignment summarises what is a plant layout, main objectives for designing a good plant layout, the various types of plant layouts, advantages and disadvantages of the respective layouts, what are various techniques used to design a plant layout, and importance of layout in every sector of business, be it manufacturing or services. All this is well explained with live examples from various industries depicting the relevance of each layout. FORD’S PLANTRead More65 Successful Harvard Business School Application Essays 2nd Edition 147256 Words   |  190 Pages 5 65 Successful Harvard Business School Application Essays grabbing the readers attention with a compelling opening paragraph can be a key differentiator, Beginning with a personal statement on leadership and a brief description of the management challenge Stacie faced stimulates the readers curiosity about the context and resolu... tion. Throughout the rest of the essay, Stacie reinforces the outcomes of her actions with strong logic. Despite her initial failure, she establishes herselfRead MoreMedicare Policy Analysis447966 Words   |  1792 Pages Mr. STARK, Mr. PALLONE, and Mr. ANDREWS) introduced the following bill; which was referred to the Committee on Energy and Commerce, and in addition to the Committees on Education and Labor, Ways and Means, Oversight and Government Reform, the Budget, Rules, Natural Resources, and the Judiciary, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned A BILL To provide affordable