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      • Advisory & Consulting
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      • Nonprofits
      • Governments
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Compliance Audits

Uniform Guidance (Title 2 CFR 200) audits

 Entities that expend in excess of $750,000 in federal awards in a given fiscal year are required to conduct a Uniform Guidance audit (also known as a “single audit” and formerly known as the “A-133 audit”). This includes:

  • Financial statement audit
  • In relation opinion on the schedule of expenditures of federal awards (SEFA)
  • Report on internal control over financial reporting and on compliance and other matters
  • Report on compliance for each major program and report on internal control over compliance


Usually performed annually, the Single Audit’s objective is to provide assurance to the federal government regarding as to the management and use of such funds by a recipient. The audit encompasses both financial and compliance components. Single audits must be submitted to the Federal Audit Clearinghouse along with a data collection form, Form SF-SAC. In conjunction to any Single Audits conducted, a Yellow Book audit is also required. 

Yellow Book Audit

 Also known as Generally Accepted Government Auditing Standards (GAGAS) audits. The purpose of this audit is to provide an opinion on the financial statement, in accordance with GAGAS. It also assesses internal controls and compliance issues. Most audits required by a government organization need to be conducted according to the yellow book standards. 

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