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EIDL Loans & Advance triggering Single Audit
By: | July 26, 2021
I have an entity with federal expenditures that exceed the single audit threshold of $750,000 only d...
Fiscal year 2020 survey results and SARC's Award for Excellence
By: Jeremy Pond | July 26, 2021
Most fiscal year 2020 data collection form submissions have been completed...
Subrecipient monitoring report
By: Jeremy Pond | July 23, 2021
Last week we identified some issues with the algorithm we use to match ...
Gift card drawing
By: Jeremy Pond | June 10, 2021
The winners of the Amazon gift card drawing for participating in SARCs forum last month are:
AICPA Webinar - 2021 Compliance Supplement and Single Audit Update
By: Jeremy Pond | May 27, 2021
The AICPA is offering a webinar on June 30th (12pm â€“ 2pm CDT) to discuss the anticipated chan...
GFOA initiative to stop using the term CAFR
By: | March 9, 2021
FYI - The GFOA is advising that we should stop using the acronym "CAFR" to effective immediately. If...
US Attorney General Announces Task Force to Combat COVID-19 Fraud
By: Jeremy Pond | May 23, 2021
I review various news sources periodically to stay current on industry events. It seems that almost ...
Misstatement on Schedule of Federal Awards
By: | March 12, 2021
I have a client who discovered a misstatement on their SEFA subsequent to the issuance of their fina...
Single Audit with COVID-19 funding
By: | May 16, 2021
My client received funding from Dept of Treasury, CFDA 21.019, for$749K.
They also received f...
Nonprofit Subject to Single Audit Changing Year End
By: | May 18, 2021
Our client (nonprofit that is subject to Single audit) is changing its year end from 6/30, to 12/31...