Exacting, experienced and fully certified to perform Single Audits in accordance with the Uniform Guidance.
Under the Uniform Guidance Requirements, nonprofits and non-federal government agencies that received federal funds and expend more than $750,000 a year must undergo or are subject to a Single Audit.
According to the Office of Management and Budget (OMB), the purpose of a single audit is to provide one, overarching audit as opposed to multiple audits of individual programs, resulting in compliance that is both simpler and more cost effective. Single audits involve determination of compliance with federal program requirements.
CR&Y’s certified, experienced and reliable team can review full financial operations and ensure the integrity of internal controls and financial statements because we’re well versed in the regulations and laws that apply to a wide range of federal funding. Many of our staff have successfully completed board certifications in programs defined by the American Institude of Certified Public Accountants specific to the performances of Single Audits.
Let our Lehigh Valley based team of CPAs help your organization navigate Single Audits so you can fully comply with the OMB’s Uniform Guidance.