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OMB Issues 2022 Compliance Supplement

May 16, 2022

by WSCPA

A&A TODAY: PRESENTED BY THE WSCPA AND GALASSO LEARNING SOLUTIONS

OMB has issued its 2022 Compliance Supplement. While originally promised in April of 2022, OMB issued it on May 12, which is earlier than the previous years that were issued in August. The Compliance Supplement includes new ARPA programs that were not addressed in the 2021 Supplement so this can be very helpful to auditors wrapping up some outstanding 2021 audits. The Supplement should be used for 6/30/22 year-ends and beyond.

Suggested Call to Action: Will you receive or perform a Single Audit in 2022?

To learn more about important accounting and auditing developments, join us for one of these upcoming CPE programs with Melisa Galasso.

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With over 15 years of experience in the accounting profession, Melisa Galasso designs and facilitates courses in advanced technical accounting and auditing topics, including not-for-profit and governmental accounting. She closely monitors regulatory bodies for changes in auditing and accounting guidance and serves as a subject matter expert in implementing the updated guidance.