Single Audits - Government Accounting Standards & Uniform Guidance - UG
Our single audit specialists have an in-depth understanding of Government Auditing Standards and OMB Uniform Guidance and have been performing Single Audits since the inception of this audit requirement. You will certainly benefit from our ability to interpret the rules and regulations set forth by the OMB Uniform Guidance, but more importantly, you will benefit from our knowledge of how the federal government operates and applies these rules and regulations.
Federal grants are often a vital source of funding to your organization. Our single audit team will provide high quality guidance and reporting you need to comply with the government’s increased demands for transparency and accountability. Our single audit specialists will review your internal controls to ensure they are based on the appropriate framework required for compliance, and verify you are collecting all required information for reporting. We will validate your organization’s decisions, policies, and procedures concerning federal funds, minimizing the likelihood of unallowable activities or compliance issues.
Keeping up on changes to Uniform Guidance
The Office of Management and Budget (OMB) recently issued the Uniform Administrative Requirements (replacing OMB A-133), Cost Principles, and Audit Requirements for Federal Awards to streamline and consolidate grants guidance previously contained in eight different circulars into 2 CFR Part 200, otherwise known as the Uniform Guidance (UG). This became effective during the 2015 calendar year, and will continue to impact organizations on a transitional basis as new awards and funding increments are received. Our compliance audit specialists have closely analyzed the new OMB reforms, and have provided in-depth training to our staff. We’re well-versed in every aspect of this extensive new guidance, and will assist your transition to the new reforms.
How will you benefit from our single audit experience?
See Uniform Guidance.
Contact Us today and let us help you with your Single Audit Needs.
Federal grants are often a vital source of funding to your organization. Our single audit team will provide high quality guidance and reporting you need to comply with the government’s increased demands for transparency and accountability. Our single audit specialists will review your internal controls to ensure they are based on the appropriate framework required for compliance, and verify you are collecting all required information for reporting. We will validate your organization’s decisions, policies, and procedures concerning federal funds, minimizing the likelihood of unallowable activities or compliance issues.
Keeping up on changes to Uniform Guidance
The Office of Management and Budget (OMB) recently issued the Uniform Administrative Requirements (replacing OMB A-133), Cost Principles, and Audit Requirements for Federal Awards to streamline and consolidate grants guidance previously contained in eight different circulars into 2 CFR Part 200, otherwise known as the Uniform Guidance (UG). This became effective during the 2015 calendar year, and will continue to impact organizations on a transitional basis as new awards and funding increments are received. Our compliance audit specialists have closely analyzed the new OMB reforms, and have provided in-depth training to our staff. We’re well-versed in every aspect of this extensive new guidance, and will assist your transition to the new reforms.
How will you benefit from our single audit experience?
- Key Relationships. Our significant relationships with the AICPA, OMB, HUD, Education, EPA and other federal agencies, provides us with a fine-tuned understanding of compliance requirements and the ability to get quick answers to difficult compliance-related questions.
- Tailored, proprietary compliance audit programs. Our programs and tools enable an efficient audit, with less time spent responding to questions that may not apply to the specific grant at hand.
- Training and tools to ease the burden of implementation. We proactively educate our clients on upcoming changes via meetings, trainings, proprietary checklists and tools, articles and webinars.
- Highly trained, experienced staff. Our experts frequently conduct training sessions at conferences and on webinars, sponsored by the AICPA, federal organizations, and state CPA societies. Our knowledgeable, accessible staff provide quick answers and perform audit procedures as efficiently as possible, without wasting your staff's valuable time.
See Uniform Guidance.
Contact Us today and let us help you with your Single Audit Needs.