Are you ready for a federal Single Audit? SAO offers resources to help you avoid common audit issues
The American Rescue Plan Act and the new Infrastructure Investment and Jobs Act are sending significant amounts of federal funds to Washington. This means that local governments will be spending more federal funds than ever. If you spend more than $750,000 in federal funds a year, you'll need a Single Audit examining your compliance with the requirements of your program(s).
Navigating federal requirements and establishing controls in your government to ensure compliance can be challenging—even for those that routinely receive significant amounts of federal dollars. That's why over the past year we've updated some of our resources and published several articles on federal program requirements. With more local governments potentially needing Single Audits over the next few years, SAO's blog articles and resources can help you address potential internal control weaknesses early to avoid audit issues.
In case you missed any of these articles or resources, we've compiled them below.
Newly updated federal programs resource
- SAO's new and improved Federal Programs Risk Assessment Tool can help you get started with assessing risk and identifying challenges related to your federal programs.
Procurement and suspension and debarment articles
- Is your contractor banned from receiving federal funds? Don't wait to find out
- Avoid the most common federal Single Audit finding with these 10 tips
Subrecipient monitoring articles
- Sharing your federal money with other agencies? Do your homework first
- Lack of subrecipient monitoring is leading to an increase in audit issues. Learn what you can do today
Looking for more? Don't miss our upcoming training!
The Washington Finance Officers Association's (WFOA) pre-conference in Tacoma on Sept. 13 will include an 8-hour class on federal award requirements presented by SAO's Single Audit Specialist, Felicia DenAdel. You can register here to attend just the pre-conference or the entire conference.
While your grantor is the best source for information about a federal program, you can also submit technical questions about federal awards to our HelpDesk in the client portal. If you have other questions, comments or suggestions, feel free to email us at Center@sao.wa.gov.