Single Audit Act of 1984

[AI summary unavailable — showing source text] Uniform Single Financial Audit Act of 1983 - Amends title 31 of the United States Code to add a new chapter 75-Requirements for Single Financial Audits. Establishes uniform single financial audit requirements for State and local governments and nonprofit organizations that receive Federal assistance. Authorizes the President to prescribe policies, procedures, and regulations to implement this chapter. Permits the President to delegate the authority to prescribe policies and procedures to the Director of the Office of Management and Budget (OMB) and the responsibility to prescribe regulations to the appropriate agencies and departments. Requires the Director of OMB and the appropriate Federal agencies and departments to consult with the Comptroller General of the United States in the preparation of such policies, procedures, and regulations. Requires the Director within one year to establish a plan of action to assure that single financial audits are conducted within three years from the enactment of this Act, and thereafter. Requires any entity receiving at least $25,000 in Federal assistance for a fiscal year to conduct at least biennially a single financial audit covering all of …