Fillable Online CSUF Single Audit Report 2026

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Single audit threshold increases: 1, 2024, only organizations with federal expenditures of $1 million or more in a single fiscal year will be required to undergo a single audit.
The Single Audit process is the process of engaging, reporting, and conducting financial and program compliance audits of non-Federal entities, the results of which provide information necessary to improve the stewardship over Federal financial assistance provided to those entities.
A Single Audit includes an audit of both your organizations financial statements and compliance with federal award requirements for those programs identified as major programsbased on application of the risk-based approach and criteria outlined in Title 2 Code of Federal Regulations (CFR) Section 200.518 and .
Whats in the Single Audit Report? The report is presented in three sections: Financial statements section includes the independent auditors report, managements discussion and analysis, basic financial statements, notes to the financial statements, and required supplementary information.
An audit report generally includes the following elements: Scope, audit objectives, and audit methodology. Findings, Evidence to Support Finding, and Impact of Findings. Conclusions, Recommendations, and Actionable Suggestions.
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How is a Single Audit different from a regular independent audit? What is its scope? Single Audits cover the entire organizations financial operations, and are substantially more detailed than a regular independent audit.

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