A more detailed type of audit is required for organizations which spend $300,000 or more (in a given year) in total federal funds (including federal funds which have passed through state or local government agencies). This audit, performed by a C.P.A., is described in OMB Circular A-133 and is usually referred to as an A-133 audit. A-133 audits are frequently substantially more expensive than "regular" audits.
The complete text of OMB Circular A-133 can be found on-line at: www.whitehouse.gov/OMB/circulars/a133/a133.html. You can also order it by phone from the Office of Management & Budget Superintendent of Documents, at 202-512-1800.
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