Article
Uniform Guidance procurement changes: implementation reminders and resources
Single Audits & Federal Awards Compliance Audits
Entities that depend on government grants need comprehensive single audits for continued support
Single Audits & Federal Awards Compliance Audits
Amanda R. Blomberg
CPA
Managing Director
Andrea L. Caladie
CPA
Principal
Blaine Jasper
Principal
With the increasing emphasis on transparency and accountability for federal funds, it is important to select a firm that has a proven track record of leadership in this complex area. Among nationwide CPA firms, Baker Tilly specializes in providing single audits under Uniform Guidance, with more than 700 completed each year.
Federal awards are traditionally distributed to not-for-profit, higher education, healthcare, energy and utility, and state and local government entities. However, federal awards are also distributed to for-profit and foreign entities that follow different compliance and audit requirements. Baker Tilly professionals have performed federal award compliance audits for all of these entities and will guide you through the regulations that apply to you.
By working with us, you’ll be working with a firm that knows single audits so well we’re regularly asked to review single audit regulations and comment on documents prior to their issuance. Your audit will be completed in a thorough and timely fashion, and your team will share insights with you throughout the process so you can better understand the expectations for grant recipients.
According to AICPA, three factors most clearly determine the quality of a firm’s single audit practice: the number of single audits performed each year, membership in AICPA’s Governmental Audit Quality Center (GAQC) and the experience of the engagement partner.
Source: "Top factors driving quality in single audits" (July 31, 2017)
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Impact Seven gains efficiencies and improves financial reporting by transitioning to Baker Tilly for audit and tax services
"For two years now, Baker Tilly has performed our external financial audit, single audit and a review of our HR and Finance department for efficiency. They have always provided technical advice on a very timely basis which has helped us work through issues. We have received valuable internal control recommendations, accounting consultations and feel the audit process is very streamlined and efficient. They have adequate and knowledgeable staff. I respect them a great deal and would recommend them without hesitation."Carla Paschal, Chief Finance Officer, Winnebago County, Illinois