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Teal, Becker & Chiaramonte offering valuable insights, impressions and commentary on today's financial and business world.

Single Audits

Single audits are complex engagements with a number of unusual audit requirements. As a leader in performing these specialized engagements, our team of professionals has developed a strong reputation among the organizations who need these audits, most notably governmental entities and not-for-profit organizations  that expend $750,000 or more of federal funds annually.

Our professionals understand that organizations receiving these operational funds rely heavily on this financial support and therefore, they cannot risk losing the funding due to compliance issues. Our approach to single audits is extremely thorough, one which consists of auditing the basic financial statements and performing an audit of the major federal award programs. Throughout this process, we gain an understanding of the internal controls and ensure that the entity is meeting the compliance requirements over the programs.