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Tag Archives: SEFA
SEFA 101
For organizations requiring a Single Audit, preparing the Schedule of Expenditures of Federal Awards (SEFA) is the first and most crucial step in the process. Without an accurate SEFA, your audit firm will not be able to identify the appropriate … read more
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Tagged annual audit, federal programs, financial report, government, Kristen Conway, nonprofit, NPO, schedule of expenditures of federal awards, SEFA, 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 and the Changing Landscape of Single Audits
What hasn’t changed in the last two years in the world? Audits and, in particular, Single Audits are no exception. With over $10.1 billion being granted to Arizona communities in federal award obligations, this marks the greatest influx of federal … read more
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Tagged Arizona, audits, COVID-19, Federal Program audit, financial report, government, grants, nonprofit, NPO, SEFA, Single Audit
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Preparing for Your First Single Audit
With a record amount of federal relief funding released recently, it is expected that thousands of nonprofits and local governments may be required to undergo their first single audit. Single Audit Requirements A non-federal entity expending $750,000 or more in … read more
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Tagged Arizona, audit, COVID, federal programs, financial report, government, Jill Shaw, nonprofit, NPO, school district, SEFA, Single Audit, 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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Behind the Scenes – An Overview of the Single Audit Process
If your organization has ever undergone a single audit before, then you know that the process is extensive. A single audit adds additional time and cost to an organization’s existing financial audit. However, organizations who understand the single audit process … read more
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Tagged auditing, federal programs, government, nonprofit, NPO, SEFA, Shauna Brewster, Single Audit, uniform guidance
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