COVID-19 funding could present new single audit challenges

Single audit requirements are often viewed as challenging by organizations and their auditors, and that may be especially true now. The federal response to the COVID-19 pandemic included new federal programs that are subject to single audits, as well as new or revised compliance requirements. Some organizations will need a single audit solely because of the new federal funding, for example. Organizations must be aware of the new requirements associated with COVID-19 funding, and auditors need to stay informed to