Unprecedented federal relief expenditures of the Coronavirus State and Local Fiscal Recovery Funds left many small governments in need of single audits for the first time. New tools offered by the ...

The American Institute of CPAs has released an analysis of single audits and found several factors contribute to audit quality, indicating why some firms are having problems doing the audits. In a ...

The release of the Office of Management and Budget’s (OMB’s) Compliance Supplement addendum for single audits right before Christmas gave practitioners long-awaited guidance for these specialized ...

The American Institute of CPAs has begun offering intermediate and advanced certificates to CPAs who perform “single audits” of governmental entities and grantees and audits of employee benefit plans.

NEW YORK--(BUSINESS WIRE)--Thousands of state and local governmental agencies, nonprofits and businesses that received funding from federal pandemic relief programs are subject to audits that focus on ...

With so many acronyms and different types of funding floating around, organizations may feel overwhelmed and — especially for those receiving federal funding for the first time — unsure of the exact ...

The University of Wyoming’s annual external financial audit and single audit for the 2023 fiscal year have been approved by UW’s Board of Trustees. The unmodified opinion by the FORVIS accounting firm ...

A new report from Mississippi State Auditor Shad White shows hundreds of millions of dollars of federal stimulus funds were misspent in the state, and the auditor's office is hearing similar stories ...

Office of Management and Budget (OMB) 2 CFR 200 Uniform Guidance states that entities that expend $750,000 or more in a year in federal funds are required to have a single audit. For more information ...

Missouri agencies failed to properly monitor more than $3 billion in federal funds last year, according a report from state Auditor Scott Fitzpatrick. Most of the audit's 17 findings were deficiencies ...