The professionals at Davis Farr have been performing Single Audits for decades, first under the requirements of OMB Circular A-133 and now under the Uniform Guidance.
Our Firm has extensive experience auditing awards received from the U.S. Department of Housing and Urban Development, U.S. Department of Labor, U.S. Department of Health and Human Services, U.S. Department of Education, and other federal agencies.
Governmental entities and non-profit organizations expending more than $750,000 in federal awards are subject to an audit under the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance – formerly OMB Circular A-133).
A Single Audit requires a risk assessment of the organization and its programs to determine which federal award programs will be subject to audit. Once the major programs are identified, each program’s compliance and internal controls over compliance are audited in order to issue an opinion on the organization’s compliance with the significant requirements of each major program.