What Is a Single Audit—and Why Does It Matter?

If your organization (city, county, nonprofit, or other non-federal entity) expends $1,000,000+ in federal funds during a fiscal year, you’re required to undergo a Single Audit.

Why “single”? Because instead of separate audits for each federal program, this process combines two critical reviews into one:

- Financial Statements – Verifying the accuracy of your overall financial reporting

- Federal Award Compliance – Ensuring you followed federal rules for the grants you received (think allowable costs, procurement, reporting, matching funds, and more)

These audits must be conducted by an independent auditor, with results submitted to the Federal Audit Clearinghouse (FAC). 

Whether you're preparing for your first Single Audit or navigating the new threshold, our team is here to help you stay compliant, confident, and audit-ready.

Reach out to learn how we support organizations through every step of the process.

📩 bizdev@blaisassoc.com

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