2025 OMB Compliance Supplement Delay: Implications for Single Audits
The Office of Management and Budget (OMB) has delayed the release of the 2025 Compliance Supplement, a critical document that guides auditors in conducting Single Audits for entities receiving federal funding. This delay has an impact across the not-for-profit, governmental, and higher education sectors, particularly for organizations with fiscal years ending on or after June 30, 2025.
Current Status
As of late August 2025:
- A final draft of the supplement has been shared with auditors for planning purposes only, as it has not received final clearance from OMB Leadership.
- The AICPA Governmental Audit Quality Center (GAQC) has received indication from the OMB staff that they do not expect any significant changes to result during the clearance process.
- The GAQC confirmed that it would not be appropriate for auditors to issue Single Audits for fiscal years ending June 30, 2025, or later until the supplement is officially released.
What Auditors and Organizations Can Do?
- Use the draft supplement for early planning, but avoid issuing final reports until the official version is released.
- Stay in close contact with audit teams and federal agencies to manage expectations and timelines.
- Monitor updates from OMB and professional bodies like AICPA for the latest developments.
How SingerLewak Can Help
SingerLewak specializes in serving not-for-profit organizations, with a deep understanding of their financial and operational complexities. Our not-for-profit service group provides:
- Financial statement audits
- Compliance audits (including Single Audits)
- Internal control assessments
