Date Published: October 2015
All non-federal entities that expend $750,000 or more of federal awards in a year are required to obtain an annual audit in accordance with 2 CFR Part 200-Uniform Administrative Requirements, Cost Principles and Audit Requirements for federal Awards. Additional information can be found on the Office of Management and Budget (OMB) Policy Statements web page.
A single organization-wide audit is intended to provide a cost-effective audit for non-federal entities in that one audit is conducted in lieu of multiple audits of individual programs. HUD expects that the Grantees will include the PRA in their A-133 audit and does not require a separate audit. HUD understands that in states with multiple federal programs, the A-133 audit may not select the PRA for review each year.