Examples
Worked examples
- Is an instance
A research university expending $400 million in federal awards undergoes its annual Single Audit, with NIH grants identified as a major programme.
- Is an instance
A non-profit expending $1.2 million in federal funds is subject to Single Audit for the first time.
Counter-examples
Looks similar, but isn't
- Not an instance
A purely private-foundation-funded organisation with no federal funds is not subject.
- Not an instance
A sponsor's specific programmatic audit is not the same as the comprehensive Single Audit.
Editorial commentary
The Single Audit examines an entity's financial statements, schedule of expenditures of federal awards (SEFA), internal controls, and compliance with major-programme requirements. The threshold was raised from $750,000 to $1,000,000 of federal expenditure in 2024 under revisions to 2 CFR 200. Auditors test major programmes identified through a risk-based approach. The audit report is publicly available through the Federal Audit Clearinghouse. Findings of material weakness or non-compliance can trigger high-risk designation by federal agencies.
References
- US Office of Management and Budget Uniform Guidance 2 CFR 200 Subpart F; Federal Audit Clearinghouse data.
Also known as
A-133 audit · 2 CFR 200 Subpart F audit · Federal Single Audit
Machine-readable encodings
Use in your systems
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