In cases where an organization has received grants or funds from the federal government, obligations to comply with regulations around how that money was spent come into play. Having the proper processes and protocols in place for tracking these funds to remain compliant is a critical responsibility.
Uniform Guidance Single Audit, referred to as Single Audit, is required for organizations that expend more than $750,000 of federal funding.
This audit performs a critical function and reports back to the government how your organization managed and expended those federal awards as the government intended. Ensuring compliance with those regulations and more requires a knowledgeable, experienced team.
Handling this for numerous clients, Brady Ware’s team reviews internal controls to ensure the organization is using an acceptable framework and test compliance with the grant requirements. As a member of the AICPA Governmental Audit Quality Center (GAQC), we also receive the latest information and updates as well as additional tools and resources to keep your organization in compliance and focused on those you serve.
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Brady Ware is a member of the AICPA Employee Benefit Plan Audit Quality Center, a voluntary membership organization for accounting firms that perform ERISA employee benefit plan audits.
Brady Ware is a member of the AICPA Governmental Audit Quality Center, a voluntary membership organization for accounting firms that perform governmental audits, including those performed under Government Auditing Standards and OMB Circular A-133, Audits of States, Local Governments, and Nonprofit Organizations.
Brady Ware is a member of the Leading Edge Alliance, one of the largest international associations in the world focused on accounting, financial, tax, and business advisory.