Practitioners who perform single audits received some deadline relief Tuesday along with important information needed to complete their engagements. New guidance on single audits was issued Tuesday by ...

Thomas Sneeringer, CPA, likes to say that major program determination within a single audit engagement requires strict adherence to the Uniform Guidance rules and formulas even when they don’t seem to ...

On April 22, 2024, the Office of Management and Budget (OMB) made some important changes to its Uniform Guidance on Single Audits. If your nonprofit receives federal grants, keep reading to see if ...

The American Institute of CPAs has released an analysis of single audits and found several factors contribute to audit quality, indicating why some firms are having problems doing the audits.

Many companies have benefited from federal government relief acts and programs such as the American Rescue Plan or the Provider Relief Funds during the pandemic. But if they are a nonfederal entity ...