Many organizations received or are receiving federal funding due to COVID-19 and are subject to single audit rules for the first time.

The GAQC has also developed a great checklist, Tips for Organizations Subject to Single Audit Requirements, to provide eight tips for organizations newly subject to single audit rules. This document may also be useful as a reminder for organizations normally required to have a single audit. 

The eight tips included are:

  • Know When You Need a Single Audit
  • Understand Your Federal Funding
  • Understand Relevant Compliance Requirements
  • Establish Effective Internal Controls
  • Evaluate Compliance
  • Ensure Your Auditor is Qualified
  • Preparation Steps
  • After Audit Steps

If you have any questions about your single audit, contact us today.


Download The Checklist


Rachel Smathers CPA