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
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COVID-19 funding could present new single audit challenges
Maria L. Murphy CPA1 year ago · 7 min read
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