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Environmental Protection Agency Pt. 34
<br /> a . Assure that small audit firms and audit A7rA=v1ENT—CIRCULAR A- 128
<br /> firms owned and controlled by socially and
<br /> economically disadvantaged individuals are Definition ofMiijor Program as Provided In
<br /> used to the fullest extent practicable . Pub. L, 96-502
<br /> b . on
<br /> o .
<br /> portunilties Inav available and f a angeintime. Major Federal Assistance Program, for State
<br /> frames for the audit so as to encourage and and local governments having Federal assist-
<br /> facilitate participation by small audit firms ante expenditures between $ 100,000 and
<br /> and audit firms owned and controlled by so• 5100 ,000,000 , means any program for which
<br /> cially and economically disadvantaged indi • Federal expenditures during the applicable
<br /> viduals . year exceed the larger of $308 ,000. or 3 per-
<br /> t . Consider in the contract process whether cent of such total expenditures ,
<br /> firms competing for larger audits intend to Where total expenditures of Federal assist
<br /> subcontract with small audit firms and audit ante exceed SI00 ,000. 000, the following cri-
<br /> firms owned and controlled by socially and teria apply:
<br /> economically disadvantaged individuals . Seal ezpanvtmas of Fadaral lmanuai Mair Faderel as-
<br /> d. Encourage contracting with small audit assistance for ail
<br /> firms or audit firms owned and controlled by cro0rams minae prooram"
<br /> socially and economically disadvantaged in. More than But iaas man that syceWss
<br /> dividuals which have traditionally audited
<br /> government programs and, in such cases $ 100 million ..-..... ., 51 bitlior, ss minion,
<br /> where this is not possible , assure that these 51 billion ....._._.... . l 52 billion ............. 54 million.
<br /> firms are given consideration for audit sub- S2 billion .'."""""" $s bulb" $7 million .
<br /> ns
<br /> contracting opportunities. $
<br /> 4 4 $
<br /> billion . ... ........... 54 billion ,, ,,,,,,,,.,, I 1million,
<br /> 5billion .......... ..... S5 billion ....,.._.... 133 million.
<br /> e . Encourage contracting with consortiums $ 5 billion . .............. . Se ballon ...,.,.,..... Sfi mluion.
<br /> of small audit firms as described in para- 58 billion ............... ! , S7 billion S19 million.
<br /> graph (a) above when a contract is too targe Over 57 billion ...... ............ ................. 1520 mluian.
<br /> for an individual small audit firm or audit
<br /> firm owned and controlled by socially and
<br /> economically disadvantaged individuals . [51 FR 6353 . Feb . 21 , 1986 . Redesignated at 53
<br /> f. Use the services and assistance , as appro- FR 9076 , Mar. 11 , 19881
<br /> priate , of such organizations as the Small
<br /> Bustiness Administration in the solicitation PART 34-NEW RESTRICTIONS ON
<br /> and utilization of small audit firms or audit LOBBYING
<br /> firms owned and controlled by socially and
<br /> economically disadvantaged individuals .
<br /> 20 , Reporting. Each Federal agency will re- Subpart A—Gianaral
<br /> port to the Director of OMB on or before
<br /> March 1 , 1997 , and annually thereafter on the Sec.
<br /> effectiveness of State and local governments 34 . 100 Conditions on use of funds ,
<br /> in carrying out the provisions of this Ciro 34. 105 Definitions .
<br /> cular . The report must identify each State or 34 , 1f0 Certification and disclosure ,
<br /> local government or Indian tribe that, in the
<br /> opinion of the agency, is failing to comply Subpart 6—ACtivlties by Own Employees
<br /> with the Circular.
<br /> 21 . Regulations Each Federal agency shall 34'200 Agency and legislative liaison.
<br /> include the provisions of this Circular in its 34'205 Professional and technical services ,
<br /> regulations implementing the Single Audit 34 '210 Reporting .
<br /> Act .
<br /> 22 . Effective dare. This Circular is effective Subpart C—Activities by Other Than Own
<br /> Spon publication and shall apply to fiscal Employees
<br /> years of State and local governments that
<br /> begin after December 31 , 1984 . Earlier imple. 344300 Professional and technical services,
<br /> mentation is encouraged , However , until it is
<br /> implemented , the audit provisions of Attach Subpart P--Penalties and Enforcement
<br /> ment F to Circular A- 102 shall continue to be 34 .400 Penalties .
<br /> observed, 34 , 405 Penalty procedures .
<br /> 23 . lnouirles, All questions or inquiries 34.410 Enforcement.
<br /> should be addressed to Financial Manage-
<br /> ment Division, Office of Management and Subpart E--EXempfions
<br /> Budget, telephone number 202/39 -3993 .
<br /> 24. Sunset reviert, date. This Circular shall 34. 500 Secretary of Defense.
<br /> have an independent policy review to ascer.
<br /> tain its effectiveness three years from the
<br /> date of issuance. Subpart F--Agency Reports
<br /> DAVID A. SToCxMAN , 34, 600 Semiannual compilation.
<br /> Director. 34 . 605 Inspector General report .
<br /> 409
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