What Triggers a Single Audit?

What Triggers a Single Audit

Written by Chuck Krueger

June 16, 2021

The pandemic has brought many changes to nonprofit organizations, including changes in operations, reduced funding from traditional revenue streams, and perhaps, new funding from various Federal programs.

While the assistance from various federal programs is helpful in maintaining services, there may be some additional reporting requirements, including the potential for a single audit under Uniform Guidance requirements. The general rule is if an organization expends at least $750,000 in federal funding (either directly or indirectly through state or local agencies), a single audit is required.

If you are in need of assistance in determining whether your organization requires a single audit, please contact your Hawkins Ash nonprofit representative.

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Chuck Krueger
I joined Hawkins Ash CPAs accounting and auditing staff in 1987. As a senior manager in the firm’s Manitowoc, WI office, I provide audit services to school districts, municipalities and nonprofit entities. I am a member of the firm’s Governmental Service Group and Nonprofit Service Group.

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