Single Audit Report

A Single Audit Report is a comprehensive review of how a government entity, organization, or institution manages federal funds. It checks whether the money is used appropriately, in accordance with federal rules, and whether the organization's financial statements are accurate. Conducted annually, the audit helps ensure transparency, accountability, and proper use of public resources. The report identifies any issues or weaknesses in financial management and compliance, providing assurances to federal agencies and the public that funds are being handled responsibly.