Is Your Organization Ready for the Single Audit?
The past year has challenged organizations like never before. Whether they were responding to sudden increases in demand or fluctuations in revenue, many nonprofits turned to federal relief funding to help them stay afloat and continue serving their communities.
In an already complex regulatory landscape, this much needed federal aid presents many organizations with a challenge of its own: compliance with the Single Audit.
The Single Audit is a strict and comprehensive financial statement and federal awards audit which must be completed by any entity or organization that expends $750,000 or more in federal funds in one year. The Single Audit, typically performed annually, is intended to ensure an organization is using its federal funds correctly and is in compliance with all applicable compliance requirements and regulations.
Discover resources to help you navigate the Single Audit process
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