USAID: What is a Single Audit report?
How many different types of audits are there?Annual Audits:– Incurred Cost – For Profit U.S. Based– Single Audit – Non-Profit U.S. Based– Recipient Contracted Audits- Non-US Based– Agreed upon procedures Non-Profit and For profit USAID awards require financial audits as prescribed by the Single Audit ActAmendments of 1996 (31 USC 7501-7506) and the Office of … [Read more…]