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Single Audit Requirements Explained Does Your Nonprofit Need One
Does your nonprofit need a Single Audit? The answer comes down to a single number: $1,000,000.  If your organization expends (spends) $1 million or more in federal award funding during your fiscal year, you are generally required to undergo a Single Audit under the Uniform Guidance. If your total federal expenditures fall below that mark, you are not subject to the...