[Federal Register Volume 61, Number 63 (Monday, April 1, 1996)]
[Notices]
[Page 14338]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-7871]



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OFFICE OF MANAGEMENT AND BUDGET


Information Collection Activity Under OMB Review

AGENCY: Office of Management and Budget.

ACTION: Notice.

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SUMMARY: In accordance with the Paperwork Reduction Act of 1980, as 
amended (44 U.S.C. 3501 et seq.), this notice requests comment on the 
following two proposed information collections contained in the 
proposed revision to Office of Management and Budget (OMB) Circular A-
133, ``Audits of Institutions of Higher Education and Other Non-Profit 
Institutions,'' published on March 17, 1995, for comment within 60 
days, i.e., by May 16, 1995 (60 FR 14594).
    The information collection request involves two types of entities: 
(1) Reports from auditors concerning their audit findings to auditees 
and (2) reports from auditees to the Federal Government concerning 
these audit reports. Circular A-133 specifies what auditors are 
required to report to auditees, including under Sections 13.c., 
Auditor's Reporting under Financial Statements and Auditor's Reporting 
and 18.b.(4), Program Audit Guide Not Available under Program-Specific 
Audit (these sections are being renumbered in the pending final 
revision as Sec. ____.505 and Sec. ____.235(b)(4), respectively). 
Circular A-133 also specifies what auditees are required to report to 
the central clearinghouse designated by OMB, including the 
``Information Accompanying Certificate of Audit,'' enumerated in 
Sections 16.b., Certification under Report Submission and 18.c., 
Reporting for Program-Specific Audits under Program-Specific Audit 
(these sections are being renumbered in the pending final revision as 
Sec. ____.320 and Sec. ____.235(c), respectively). OMB anticipates that 
there will be both a long form and short form for auditees to report 
these data elements, depending on the characteristics of the auditee 
and the amount and number of Federal awards expended by the auditee.
    OMB estimates that reporting by auditors currently takes 10 hours 
and will take 12 hours under the proposal. Further, OMB estimates that 
reporting by auditees currently takes 16 hours on the average and will 
take 20 hours under the proposal.

FOR FURTHER INFORMATION CONTACT: For further information or a copy of 
the proposal, contact Sheila Conley, Office of Federal Financial 
Management, OMB (telephone: 202-395-3070).

ADDRESSES: Written comments should be sent by May 31, 1996 to: Sheila 
Conley, Office of Federal Financial Management, OMB, Room 6025 New 
Executive Office Building, Washington, DC 20503.
John B. Arthur,
Associate Director for Administration.
[FR Doc. 96-7871 Filed 3-29-96; 8:45 am]
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