Take the pressure off when it comes to your single audit.
A non-federal entity, such as nonprofits, governments, and tribes, with federal expenditures in excess of $750,000 is required to have a single audit (often referred to as a Uniform Guidance Single Audit) performed, which includes an audit of both the financial statements and the federal awards. The single audit focuses on how your entity manages federal grants and ensures you followed the rules for dollars associated with federal grants or awards that are considered major programs.
Federal compliance can be tricky to navigate, especially if your organization is administering federal awards for the first time. A professional with experience in single audits can help guide your organization through this task. Our professionals have extensive experience in providing auditing, training, consulting, and compliance policy review to help assist organizations who are experienced or new to federal grant compliance or serve as the auditor for the organization. By advising you on compliance issues and helping you prepare the data collection form and the reporting package for submission to the federal audit clearinghouse, our assistance allows you to tend to your organization's other needs. We stay up to date with all regulation changes, reducing the need for your staff to devote additional time to this mandatory function.
Our single audit experience includes auditing awards made by the Department of Education, Department of Housing and Urban Development, Department of Agriculture, Department of Commerce, Department of Interior, Department of Transportation, Department of Justice, Department of Labor, Department of the Treasury, Department of Health and Human Services, Homeland Security, National Foundation on the Arts and the Humanities, Environmental Protection Agency, Department of Energy, Office of the National Drug Control Policy, Department of Defense, and the Bureau of Land Management, among others.
Eide Bailly has a three-year average of auditing more than $28.8 billion in federal expenditures. As your organization looks to expand its current federal programs, we can pull from our expansive database of federal programs that we have assisted with and provide consultation on what has worked effectively for other entities. This will help your organization establish strong controls and processes over new federal programs rather than trying to rework controls and processes after the programs are established.
Common Single Audit Findings and Remediation Series
Make sense of your single audit compliance requirements.
Single Audit Leadership
Joy R. FeigeCPA, CGMA