Clausen & Associates CPAs specializes in single and program specific compliance audits for federal awardees. We pride ourselves on being proactive and responsive to our clients’ inquiries and needs. We believe our commitment to quality and timely service and our depth of audit experience will serve you well. Our qualified and experienced professionals will do whatever is required to get the job done, on time, without compromising quality.
We specialize in performing audits of non-profit organizations. An audit is an intensive examination with the highest level of assurance provided on the financial statements. We believe our commitment to quality and timely service and our depth of not-for-profit industry experience will serve you well. We view our role in the financial reporting process as an opportunity to provide constructive solutions for maximizing an organization’s net assets and efficiency. We present our clients with a clear audit plan, and provide an exit conference that not only addresses audit issues but also offers suggestions to make their work easier.
A-133 Single Audits
Non-profit and federal entities who receive federal funding in excess of $750,000 are generally required to undergo a financial statement audit and an audit of their compliance with their contract terms. We have many years of experience performing these rigorous OMB A-133 Single Audits for various organizations. We are able to complete and submit the Data Collection Forms and the Reporting Package to the Federal Audit Clearinghouse and to any other Federal agency who specifically requests it.
Government Compliance Audits
A non-Federal entity that expends $750,000 or more in Federal awards during the non-Federal organization’s fiscal year must have a program-specific audit conducted for that year in accordance with the provisions of OMB’s Uniform Administrative Requirements in 2 CFR part 200. This differs from a full OMB A-133 Single Audit, because the organization is required to have just their federal expenditures and compliance with their contract terms audited, rather than their entire financial statements.
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