Single Audit Information Service
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Thompson’s Single Audit Information Service breaks down the most complex and potentially confusing single audit requirements so you can take the steps needed to stay in compliance with the complicated, detailed rules governing this federal requirement for grant recipients that expend more than $750,000 in agency funding — a threshold that has just been raised from $500,000 under new uniform grant reform guidance. But what if your organization doesn't make the audit threshold? Should you still do audits, and what would you include? Find out about the audit process, different types of audits, the most recurring audit findings that persistently cause trouble and how to avoid them.
Keep up with the changes that impact audits under OMB's new uniform grant guidance: Single Audit Information Service — the most extensive and easy-to-use resource of its kind — keeps you abreast of the grant reform’s impact on single audit requirements by tracking every step of the process from the guidance’s roll out to agency implementation.
With Single Audit Information Service you can:
- Improve processes from soliciting bids for audit services to preparing audit reports to resolving audit findings with federal officials
- Stay in compliance with every aspect of single audit law — your best defense against the loss of funds and other enforcement actions.
- Understand your responsibilities by translating government jargon into easy to understand text and clarifying all of the single audit law and policies
- Keep informed with monthly updates as needed on the latest government documents and revisions
- Successfully handle an audit, increase its benefits and limit its potentially adverse impact
- Contact the editor with unanswered questions — a special resource for customers
Single Audit Information Service is a comprehensive guide to all of the steps federal grantees and auditors must follow to ensure Single Audit Act compliance. From soliciting bids for audit services to preparing audit reports to resolving audit findings with federal officials, the Service provides detailed analyses of every aspect of single audit law and policy. It provides cost-effective and practical guidance on preparing for and performing single audits. All of the primary source documents grantees and auditors need are included — OMB circulars, GAO standards and federal agency regulations and guidance. Throughout the Service, you’ll find helpful compliance tools such as checklists, sample reports and proven methods of single audit compliance. Regular newsletters and Service updates provide up-to-date news and analysis.
- Overview of Audit Requirements
- Arranging for Audits
- What is Reviewed in an Audit
- Contents of the Audit Reporting Package and How It’s Used
- Audit Follow-Up
- Monitoring Subrecipients
- Technical Assistance Materials
Summary of Contents
100 How to Use the Information Service
200 Background and History of the Single Audit Concept
300 Requirements for Audits of Federally Assisted Programs
400 Arranging for Audits of Federally Assisted Programs
500 Performance and Audits of Federally Assisted Programs
600 Content and Use of Single Audit Reports
700 Audit Follow-Up
800 Subrecipient Monitoring
900 Questions & Answers
1000 Appendix-Statutory Requirements and Legislative History
1100 Appendix-Office of Management and Budget Guidance
1200 Appendix-General Accounting Office Guidance
1300 Appendix-Federal Agency Guidance
1400 Appendix-Professional/Industry Guidance
1500 Appendix-Technical Assistance Materials
- Two-volume manual
- Monthly updates
About Your Subscription
Your annual subscription includes published updates at no additional charge for the 12-month subscription period. If you have any questions about your subscription, please contact Client Services at 800-677-3789 or by emailing firstname.lastname@example.org.
Grants Editorial Advisory Board
Office of Grant Development & Admin
City of Bowie
Washington Office Director
National Association of State Auditors, Comptrollers and Treasurers
M. Wayne Finley, MBA, CGMS
Hillsborough County Government
George Institute of Technology
Strategic Grants Planning and Development
Seminole Community College
King County Department of Transportation
James D. Huycke
Associate Director of Grants
Moraine Park Technical College
Fond du Lac, Wisc.
Linda C. Janey, J.D.
Dismas Locaria, Esq.
Glenda O'Neal LLC
Jodi Pearl, MA, GPC
Memorial Healthcare System
Troy Rector, CPA
Clark Nuber PS
Upper Marlboro, Md.
Solloway & Associates
Silver Spring, Md.
Heather Stombaugh, MBA, CFRE, GPC
Editor, GPA Grant News
Grant Professionals Association
and GPA Foundation
Kansas City, Kan.
Tiffany R. Winters Kesslar, Esq.
Brustein & Manasevit, PLLC