Single Audit

A Single Audit is a comprehensive review process for organizations that receive federal funds. It ensures that these entities are using the money correctly and following all applicable laws and regulations. Conducted annually, the audit assesses financial statements and examines compliance with federal program requirements. The goal is to promote accountability, transparency, and good financial management, ultimately safeguarding taxpayer dollars. This audit streamlines the oversight for organizations receiving multiple federal grants by consolidating their financial reviews into one, making it easier for both the organization and the federal government to monitor fund usage.