Single Audit Act of 1984

Summary

Uniform Single Financial Audit Act of 1983 - Amends title 31 of the United States Code to add a new chapter 75-Requirements for Single Financial Audits. Establishes uniform single financial audit requirements for State and local governments and nonprofit organizations that receive Federal assistance. Authorizes the President to prescribe policies, procedures, and regulations to implement this chapter. Permits the President to delegate the authority to prescribe policies and procedures to the Director of the Office of Management and Budget (OMB) and the responsibility to prescribe regulations to the appropriate agencies and departments. Requires the Director of OMB and the appropriate Federal agencies and departments to consult with the Comptroller General of the United States in the preparation of such policies, procedures, and regulations. Requires the Director within one year to establish a plan of action to assure that single financial audits are conducted within three years from the enactment of this Act, and thereafter. Requires any entity receiving at least $25,000 in Federal assistance for a fiscal year to conduct at least biennially a single financial audit covering all of its funds. Requires such audits to be conducted by independent auditors in accordance with accepted Government auditing standards. Sets forth the subject matter of such an audit. Requires each entity receiving Federal assistance and subsequently making a portion of it available to another entity to ascertain whether a single financial audit has been conducted of the recipient. Permits the use of Federal assistance to pay for such audits. Permits the Director to arrange an audit of any entity that has failed to comply with the requirements of this Act. States that small business concerns and business concerns owned and controlled by socially and economically disadvantaged individuals shall have the maximum practicable opportunity to participate in the performance of audits under this Act. Declares that single financial audits conducted in accordance with this Act shall fulfill any other financial audit requirement imposed by the Federal government. Sets forth procedures to insure that any bill or resolution reported by a congressional committee which specifies requirements for financial audits of Federal assistance recipients will be consistent with this Act. Requires the Comptroller General to monitor all reported bills of the House and the Senate and review any audit provisions.

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Documents

6 official files

• Public Law (PDF)

  Public Law · EN · 20 October 1984

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• Senate agreed to House amendment with amendment

  summary · EN · 4 October 1984

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• Passed House amended

  summary · EN · 15 May 1984

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• Passed Senate amended

  summary · EN · 2 November 1983

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• Reported to Senate with amendment(s)

  summary · EN · 3 August 1983

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• Introduced in Senate

  summary · EN · 21 June 1983

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