Do I Need A Single Audit?

If your organization is receiving Federal awards, you may be required to have a single audit. How do you know if you are required to have one? And just what is a single audit anyway?

The Office of Management and Business (OMB) issued Circular A-133, Audits of States, Local Governments and Non-Profit Organizations to establish the requirements for audits of non-Federal entities that expend Federal awards. Referencing a few important points found in the guidelines will help determine if your organization needs a single audit.

Three main groups of entities may be required to have a single audit:

1. Recipient – A recipient directly receives and spends Federal awards from a Federal entity;