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Get the free Single Audit Report - Auditor General of Rhode Island - RI.gov

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2019 Instructional Material Summer Review InstituteReview Team Appraisal of Title (912 Mathematics) This appraisal form is provided for use by educators responsible for the selection of instructional
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How to fill out single audit report

01
Gather all necessary financial documents related to the organization's federal awards.
02
Complete all sections of the Single Audit Report form accurately.
03
Include a summary of the organization's federal awards, expenditures, and compliance findings.
04
Obtain and provide any required audit reports from subrecipients.
05
Submit the completed Single Audit Report by the specified deadline.

Who needs single audit report?

01
Nonprofit organizations that receive federal funding exceeding $750,000 in a fiscal year.
02
State and local governments that receive federal funding exceeding $750,000 in a fiscal year.
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A single audit report is an independent auditor's report that assesses the federal funds received by a non-federal entity to ensure compliance with federal laws, regulations, and the provisions of contracts or grant agreements.
Entities that expend $750,000 or more in federal funds during their fiscal year are required to file a single audit report.
The single audit report is filled out by an independent auditor using appropriate auditing standards, guidelines provided by the OMB Circular A-133, or the Uniform Guidance, depending on the date of the entity's grant.
The purpose of a single audit report is to ensure accountability and compliance with federal funding requirements, as well as to evaluate the internal controls over federal programs.
The report must include financial statements, a schedule of expenditures of federal awards, and findings related to compliance and internal control over federal programs.
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