The U.S. Office of Management and Budget (OMB) has just released the 2024 OMB Compliance Supplement (Supplement). After reading this GAQC Alert you will be aware of the following:
The effective date of the 2024 Supplement and how to access it;
Key changes and updates made in the 2024 Supplement, including changes to the "higher risk" list of programs;
Guidance provided in Appendix VII, Other Audit Advisories, clarifying that the effective date of the increase in the single audit