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Tag Archives: Single Audit
Most Frequently Asked Questions of 2021
Have you ever asked, “Why are the auditors asking for this?” Believe it or not, this is a very common (and understandable) question, and we also receive a variety of other questions throughout the audit process. So rest assured that … read more
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Tagged Arizona, audit, FAQ, government, Katherine Shell, nonprofit, NPO, school districts, Single Audit
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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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Report Submissions – What Your District Needs to Know
Around this time of year, school districts have to ensure reports are submitted to the appropriate agencies to meet various reporting requirements. A summary of information containing instructions for the most common reporting requirements is as follows: Association of School … read more
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Tagged ACFR, Arizona, ASBO, audit report, awards, bond reporting, EMMA, financial report, GFOA, report submission, Sara Kirk, school district, 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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Understanding the New Independence Rules Related to Financial Statement Preparation
Have you heard of the new Yellow Book or Government Auditing Standards issued by the Governmental Accountability Office? If not, that’s OK – this article aims to provide you with some critical information to be aware of for the upcoming … read more
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Tagged Brittney Williams, financial statements, GAS, government, independence, Single Audit, Yellow Book
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A Perfect Audit
Is it possible? Does such a thing as a perfect audit exist? What defines a perfect audit for you? If I had to write a definition, based on many years of performing audits and talking with clients, I believe most … read more
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Tagged audit, findings, GAS, government, internal control, nonprofit, Single Audit, weakness, Yellow Book
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