Program-Specific Audits

Ensuring Compliance, Accountability,and Financial Integrity

Organizations receiving federal, state, or private funding must adhere to strict regulatory requirements while demonstrating financial transparency and operational efficiency. At NCheng LLP, we specialize in program-specific audits, providing nonprofits, government entities, and grant recipients with thorough, compliant, and insightful audit services tailored to meet funder expectations.

FAQs About Program Specific-Audits

What Are Program-Specific Audits?

Unlike a full financial statement audit, a program-specific audit focuses on a single federally or state-funded program, ensuring:

Nonprofits often manage multiple programs, each with unique funding conditions and compliance obligations. Our program-specific audit services provide the financial validation and impact assessment needed to meet these standards while fostering stronger funder relationships.

Who Needs a Program-Specific Audit?

Organizations receiving $750,000 or more in federal program expenditures are generally required to undergo a program-specific audit, per the Uniform Guidance (2 CFR Part 200, Subpart F).

Additionally, nonprofits and entities receiving private foundation grants often require independent audits to verify compliance with donor-imposed conditions.

Why Do Program-Specific Audits Matter?

Nonprofits must meet rigorous financial reporting and regulatory requirements. Mistakes or omissions can lead to penalties, reputational damage, or loss of funding. Our team safeguards your compliance by:

Funder Compliance – Ensuring alignment with grant and contract requirements
Financial Accountability – Verifying proper and efficient use of program funds
Transparency – Providing clear, accurate financial and operational reporting
Impact Assessment – Evaluating program effectiveness and resource utilization

What Is NCheng's Approach to Program-Specific Audits?

At NCheng LLP, we take a meticulous, risk-based approach, delivering valuable insights and practical recommendations. Our structured process includes:

Regulatory Compliance Review
Financial Statement Testing
Internal Control Evaluation
Expenditure Testing & Fund Utilization
Performance & Impact Analysis
Detailed Reporting & Strategic Recommendations

Why Choose NCheng LLP?

With decades of experience in nonprofit and government audits, NCheng LLP brings:

Deep expertise in grant management and regulatory compliance
Tailored audit solutions to meet diverse funding sources and programs
A proactive approach to risk mitigation, identifying compliance risks before they escalate
Commitment to transparency and accuracy, ensuring funder confidence and financial integrity

Ensure Compliance & Financial Integrity

If your organization requires a program-specific audit, NCheng LLP is here to provide expert guidance and reliable audit services. Let us help you optimize program performance, strengthen financial accountability, and meet compliance requirements with confidence.

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