Daszkal Bolton’s team handles audits, reviews, and compilations for dozens of entities representing a wide range of non-profit 501(c) organizations. Many of these organizations receive grant funding from state and federal agencies. We assist these clients with Single Audits for federal award compliance and with the Florida Single Audit Act for state funds and program-specific audits.
The Single Audit, triggered by $750,000 in expended funds from federal sources, allows not-for-profit organizations to submit one combined audit that can be relied upon by federal agencies. However, it is more detailed than other independent audits. We help clients clarify and interpret the OMB’s Uniform Guidance on fundamental concepts such as cost principles and internal controls for Single Audits. Like other audits, we help organizations document everything and ensure that funds are designated for stated purposes.
At the State level, Florida, like other states has implemented similar audit requirements for not-for-profits receiving state funds. The Daszkal Bolton team guides entities through the applicability, internal controls, and compliance requirements of state laws such as the Florida Single Audit Act.