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Tag Archives: Federal program
Single Audit Threshold Changes
In April 2024, the Office of Management and Budget (OMB) raised the Single Audit threshold from $750,000 to $1,000,000, a change that significantly impacts non-federal entities such as state and local governments and non-profit organizations. This increase, effective for fiscal … read more
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Tagged Arizona, expenditures, Federal program, government, grants, James Shankland, nonprofit, NPO, OMB, Single Audit, single audit threshold changes
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Alternative Examination Engagement for Certain CSLFRF Recipients
It is estimated that, as a result of the Treasury Department’s $350 billion Coronavirus State and Local Fiscal Recovery Funds (CSLFRF) program, more than 10,000 new Single AuditsAlternative-Examination-CSLFRF-Recipients will be required. Many recipients of these funds are small, local governments … read more
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Tagged coronavirus, Coronavirus State and Local Fiscal Recovery Funds, COVID, CSLFRF, Federal program, government, program-specific audit, school district, Single Audit
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Important Guidance on the State and Local Fiscal Recovery Funds Program
One thing we can all say is that the pandemic continues to have rippling effects on state, local, and tribal governments, many of whom are still struggling with the economic and public health impacts of COVID-19. In response, the American … read more
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Tagged American Rescue Plan Act, Arizona, ARPA, compliance, Conoravirus State and Local Fiscal Recovery Funds, COVID-19, Federal program, goverment, James Shankland, school district, SEFA, Single Audit, SLFRF, Texas
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COVID-19 Impacts on the Schedule of Expenditures of Federal Awards
As a result of the COVID-19 pandemic, entities all over the United States are seeing an influx of federally funded programs. Over the last 18 months, many new federal programs have been established, and funding has also been added to … read more
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Tagged audit, COVID, Cynthia Rojo, Federal program, financial report, government, nonprofit, SEFA, Single Audit
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What Impact Will the Pandemic Have on Audits?
In today’s new “normal” during the Coronavirus pandemic, there are many uncertainties, and audits are no exception. While there are several unknowns, one thing is certain – your audit will certainly occur, and there will likely be no relief in … read more
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Tagged audits, coronavirus, COVID-19, Federal program, government, internal control, Katherine Shell, nonprofit, NPO, pandemic, reporting, Single Audt
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