Certified Single Audits

If your business is in need of Certified Single Audits, Connally, Jordan & Associates has the experience and expertise you need to maintain governmental assurance.

The Importance of Certified Single Audits for Your Organization Should Not Be Underestimated

Certified single audits are company-wide audits of entities that receive federal funds, grants, or awards of substantial amounts. These intense, internal audits are best performed by certified public accountants with the experience, knowledge, and thoroughness to help each entity maintain assurance to the Federal Government that the funds have been utilized according to the standards provided by the federal government. These audits are required by the Office of Management and Budget Uniform Guidance, which sets forth standards for financial management of federal funds by non-profit organizations, states, universities, cities, or any other organization that receives substantial financial awards.

The purpose of a certified single audit is to provide assurance that an organization is complying with the applicable federal laws and regulations. A certified single audit is conducted in accordance with generally accepted government auditing standards, and the results of the audits may be used by federal agencies to make funding decisions about an organization. In addition to the usefulness to the Federal Government, certified single audits are also useful for organizations themselves, as they can provide valuable information about areas of potential compliance risk.

Connally, Jordan, & Associates Provides Certified Single Audit Services You Can Count On

Certified single audits are a type of financial audit that is conducted by a certified public accountant (CPA) in order to assess whether a state, city, university, or other municipal or non-profit organization is compliant with regulations governing the use of federal funds. This type of audit is typically conducted on an annual basis for applicable organizations, but is required for organizations that receive more than $750,000 in federal funds. Certified single audit services are designed to provide assurance that each appropriate organization is using its resources in accordance with applicable laws and regulations, and that they are worthy of future federal funding.

Your Connally, Jordan & Associates CPA auditor will examine your organization’s financial statements and supporting documentation in order to assess whether you are in compliance with all relevant requirements of governing bodies. Your certified CPA auditor will also identify any areas of concern and make recommendations for improvement. Certified single audits play an important role in ensuring that organizations are using their government provided resources wisely and in accordance with all applicable laws and regulations. Those who choose the experienced Certified Public Accountants from Connally, Jordan, & Associates often wonder how they ever functioned without them. Our experts keenly will observe and evaluate all necessary areas of your organization, and help you stay steady, compliant and federally funded for many more years to come.