Federal Audit

A federal audit is an official review conducted by government auditors to ensure organizations using federal funds are managing those funds properly, following applicable laws and regulations. It verifies that money allocated for programs like education, healthcare, or public safety is spent as intended and that financial records are accurate. The goal is to promote transparency, accountability, and efficient use of taxpayer dollars. Audits can identify issues or mismanagement, helping organizations improve practices and ensuring public trust in government-funded initiatives.