Single Audit Services for Nonprofits
Compliance and Accountability for Nonprofits
If your nonprofit hits the $750,000 federal spending mark, we’ll guide you through your Single Audit under Uniform Guidance (2 CFR Part 200, Subpart F). We handle the full scope of the work, from auditing your financial statements to testing whether your federal awards were managed the way the grant rules require. You’ll end up with a complete audit package that meets federal standards and helps you show funders and stakeholders that dollars were tracked, supported, and spent appropriately.
Our Audit Approach for Nonprofits
We focus on the areas that matter most to your federal funding. That means we flag higher-risk items early, help you close documentation gaps before they turn into findings, and keep the process moving so the audit feels organized and manageable.
Pre-Audit Planning and Risk Review
- Get to know how you operate: We start by learning how your programs run, how you track grant activity, and where federal dollars flow through your books.
- Spot the pressure points: We look for areas that commonly create issues in Single Audits, then shape the audit plan around what matters most for your awards.
Financial Statement Audit
- Dig into the numbers: We review key accounts, transactions, and disclosures to confirm your financial statements are accurate and complete.
- Internal ContrLook at the controls behind the scenes: We walk through your internal processes, focusing on approvals, oversight, and how you prevent or catch errors in financial reporting and grant activity.ls Review: Evaluate the effectiveness of internal controls over financial reporting and federal award compliance.
Compliance Testing
- Test what the grant rules require: We select samples and test the specific compliance requirements tied to your major programs.
- Check the backup: We review invoices, payroll support, allocations, contracts, and other documentation to confirm costs are supported and charged correctly.
Reporting and Next Steps
- Clear reporting: We prepare the required Single Audit reports and explain any findings in plain language, including what triggered them and what they mean.
- Practical fixes: We share realistic recommendations your team can act on, focused on tightening processes and reducing risk in future years.
Why Choose NCheng LLP for Your Single Audit?
- We’re nonprofit people. Nonprofits are our lane, so we understand the funding restrictions, reporting pressures, and compliance details that come with federal awards.
- We’ve done a lot of Single Audits. You get a team that knows what reviewers look for and how to keep the process moving without constant back-and-forth.
- We work the way your organization works. We build the audit around your programs, systems, and how your team actually tracks costs and grants.
- You’ll always know what’s happening. We explain requests in plain language, flag issues early, and help you end the audit with clean documentation and a clear path forward.
Stay Compliant and Keep Trust Strong
A Single Audit with NCheng LLP is not just about meeting a requirement. It’s a chance to show grantors, donors, and your community that you’re tracking federal funds carefully and can stand behind your documentation. Along the way, we help you spot small issues before they become bigger ones, so your team feels more confident heading into the next funding cycle.
Reach out today and we’ll talk through your funding, your deadlines, and what the audit will look like from start to finish.
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