2020 Single audit considerations
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2020 Single audit considerations

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2020 will be an especially challenging season of single audits for many, if not most, practitioners. The challenges derive from the COVID-19 pandemic. To combat the economic repercussions of the pandemic, the federal government quickly released stunning amounts of funding to entities. The attendant regulations and guidance on how those funds can be spent trailed behind and, in many cases, remain in the works and fluid. Federal agencies are developing program and audit policies on the back end, inevitably resulting in less clear, less timely, and less accessible guidance for auditees and auditors.

Many states and large localities received significant amounts of COVID-19 funding directly from the federal government. These direct recipients passed funds down to smaller entities, hitherto never subject to single audits. Other entities crossed the $750,000 single audit threshold due to the receipt of COVID-related federal monies. Consequently, many practitioners face more single audits compared to previous years and some practitioners face first single audits.

In this report we cover several areas to be aware of which will be applicable for 2020 and beyond:


  • Overview of COVID-19 relief and single audit implications

  • Office of Management and Budget (OMB) memos

  • 2020 OMB compliance supplement

  • 2020 single audit planning considerations

  • 2020 single audit performance considerations

Download the Single audit considerations for 2020 report

File name: CPEA-2020-single-audit-considerations.pdf

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