Whether it’s your first time preparing for a single audit or not, the process can be complex and time-consuming, especially for first-time recipients of federal funding. The first step to preparing is ensuring you understand what the audit involves and what is required.
Use this AICPA Governmental Audit Quality Center (GAQC) FAQ tool to help you get started on the basics of single audits, such as what is a single audit, who can perform one, submission guidelines and deadlines, for