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Common Single Audit Findings – Part 3: Reporting Deficiencies

Nonprofits that undergo regular single audits subject to the Office of Management and Budget’s Uniform Guidance become quite familiar with the audit process. These organizations dutifully fulfill their audit obligations, always hopeful that auditors will have only positive findings and full compliance to report. But despite best efforts, some audits will inevitably include findings for which a corrective action plan is required.

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Common Single Audit Findings – Part 2: Procurement, Suspension and Debarment

Single audits under the Office of Management and Budget’s Uniform Guidance are a routine responsibility for nonprofit organizations. When the single audit produces findings that must be addressed, they typically fall into one of four categories: allowable costs; procurement, suspension and debarment; reporting; and sub-recipient monitoring.

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