icon icon Grants Hotline: (602) 542-3901, Option 3
icon icon Grants Email: [email protected]
Single Audit is an annual organization-wide audit of an entity that expends $750,000 or more of Federal funds. Entities hire an independent CPA to examine financial records, financial statements, Federal award transactions and expenditures, management of operations, internal control systems and Federal assistance it received during the audit period. The objective is to ensure funds were spent in accordance with the Federal guidelines.
For additional guidance, please refer to:
- General Federal Fiscal Monitoring FAQs for futher information on general fiscal monitoring processes
- Risk Assessment for further information on Risk Assessment and Compliance
- Frequently Asked Questions for further instruction on grant processes
- Training Resources for technical instructions on using the GME system