|
gptkbp:instanceOf
|
gptkb:audit
|
|
gptkbp:alsoKnownAs
|
gptkb:OMB_A-133_audit
|
|
gptkbp:amendedBy
|
gptkb:Single_Audit_Act_Amendments_of_1996
|
|
gptkbp:appliesTo
|
nonprofit organizations
local governments
state governments
non-federal entities that expend $750,000 or more in federal awards per year
|
|
gptkbp:establishedBy
|
gptkb:Single_Audit_Act_of_1984
|
|
gptkbp:frequency
|
annually
|
|
gptkbp:governedBy
|
gptkb:Uniform_Administrative_Requirements,_Cost_Principles,_and_Audit_Requirements_for_Federal_Awards_(2_CFR_Part_200)
|
|
https://www.w3.org/2000/01/rdf-schema#label
|
Single Audit
|
|
gptkbp:includes
|
compliance audit
financial statement audit
|
|
gptkbp:objective
|
to determine if federal funds are used in accordance with applicable laws and regulations
|
|
gptkbp:performedBy
|
independent auditor
|
|
gptkbp:purpose
|
to provide assurance to the federal government that a non-federal entity has adequate internal controls and is in compliance with program requirements
|
|
gptkbp:replacedBy
|
gptkb:OMB_Circular_A-133
|
|
gptkbp:reportSubmittedTo
|
gptkb:Federal_Audit_Clearinghouse
|
|
gptkbp:requires
|
gptkb:Office_of_Management_and_Budget_(OMB)
|
|
gptkbp:scope
|
covers both financial and compliance aspects
|
|
gptkbp:threshold
|
$750,000 in federal awards
|
|
gptkbp:bfsParent
|
gptkb:Audits_of_States,_Local_Governments,_and_Non-Profit_Organizations
|
|
gptkbp:bfsLayer
|
6
|