SBIR 301-1: OMB A-133 Accounting System Requirements

In order to ensure that federal grant awards are handled in a fiscally responsible manner, the Office of Management and Budget (OMB) issued Circular A-133 and extended the audit requirements to all grantees, including for-profit Companies. This means you – SBIR awardees! Organizations with revenues that exceed $500,000 per year or more in federal funds [...]