-
A-133 Single Audit
Single Audits - Single audits are Yellow Book audits that are required by the Federal Government for entities that spend more than $750,000 in Federal award money. These audits are submitted to the Federal Audit Clearinghouse (FAC) for distribution to the multiple agencies which fund the entity's expenditures. Single audits require additional examination to assure the agencies that the money was spent according to the rules of the award.