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ARTICLE · 06 DECEMBER 2024

Grants Practice Shorts: The Single Audit

Feldesman Leifer
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Grantees are subject to independent and government audits. Some, like the annual single audit, are routine; others such as audits by a grant-making agency's Office of Inspector General ("OIG") occur more unexpectedly and may be triggered by outside events.

United StatesAccounting and Audit
Phillip A. Escoriaza
Phillip A. Escoriaza

Welcome to Feldesman's Grants Practice Shorts series where we discuss helpful tips and strategies in common areas of federal grant management. Be sure to check out our other installments on our Grants Practice Shorts page.

Grantees are subject to independent and government audits. Some, like the annual single audit, are routine; others such as audits by a grant-making agency's Office of Inspector General ("OIG") occur more unexpectedly and may be triggered by outside events. Audits help assure grantees and the federal government that taxpayer money has been used in furtherance of authorized purposes. Alternatively, an audit can reveal when a grantee, whether intentionally or accidentally, has misused federal funds entrusted to it. In this Practice Short, we focus on implementation of single audit requirements in Subpart F of the Uniform Guidance.

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