Uniform Guidance / Single Audit for Nonprofits
Nonprofit Organizations that expend $750,000 (currently) or $1,000,000 (New threshold, effective for fiscal years ending September 30, 2025, or later) or more in federal funds in a single fiscal year require a Single Audit, also known as Uniform Guidance (UG) audit.
When an auditee (nonprofit organizations and for-profit entities) expends $750,000 or more Federal awards under only one Federal program and the Federal program’s statutes, regulations, or the terms and conditions of the Federal award do not require a financial statement audit of the auditee, the auditee may elect to have a program-specific audit.
AAFCPAs Offers Unmatched Expertise in Government and Nonprofit Auditing
Diverse and Specialized Client Base
At AAFCPAs, we are proud to be recognized leaders in serving a wide range of state and federally funded clients, including human services organizations, federally qualified health centers, community development entities, and affordable housing providers. Our deep expertise across these sectors ensures that we understand your unique challenges and opportunities.
Recognized Audit Excellence
Our team includes elite CPAs who have earned the Advanced Single Audit Certificate from the AICPA, a testament to their skillful ability to plan, direct, and report on single audits according to the stringent requirements of the Uniform Guidance. This expertise means that AAFCPAs’ clients benefit from advanced insights into critical audit issues and receive guidance on complex topics essential for compliance.
Proactive and Informed Guidance
AAFCPAs’ dedicated Accounting and Auditing Committee stays at the forefront of government and nonprofit accounting standards. We are committed to monitoring, studying, and interpreting the evolving landscape of the Uniform Guidance, Single Audit, and other regulatory frameworks. Our role extends beyond auditing to serve as a vital educational resource, helping clients anticipate, navigate, and implement new standards efficiently.
A Commitment to Audit Quality
We maintain an unblemished peer review rating and are proud members of the AICPA’s Governmental Audit Quality Center (GAQC). Membership in the GAQC underscores our commitment to the highest standards of governmental audit quality and provides us access to critical resources and best practices.
Exceptional Value and Service
Our clients attest to the unparalleled value AAFCPAs delivers through extensive national proficiency, agility, rapid response times, and a commitment to innovative, technology-driven auditing solutions. We offer equitable pricing and earnest service, paired with complete transparency. This approach not only meets but often exceeds client expectations, fostering rewarding and lasting relationships.