Single Audit Services

Organizations that spend more that the limit in federal awards – now $1M for the 2025 fiscal year – must undergo a Single Audit to prove that funds are managed properly and programs meet federal objectives. Nichols Accounting offers specialized Single Audit services that comply with Uniform Guidance, 2 CFR 200, giving grantors, boards, and community stakeholders confidence that every dollar is used as intended. Whether you are a nonprofit, a university, or a local government agency, our experienced team guides you through the full process, from planning to report submission.

Uniform Guidance Expertise

Single Audits differ from standard financial statement audits because they test both financial accuracy and program compliance. Our engagement begins with a detailed review of your Schedule of Expenditures of Federal Awards, identifying major programs based on risk and dollar thresholds.

We examine grant agreements, cost principles, and allowable‑cost guidelines to understand exactly what each program requires. Fieldwork includes testing internal controls, sampling transactions, and verifying reporting accuracy against federal criteria. Throughout the audit, we reference the Compliance Supplement to make sure procedures align with current federal mandates, reducing the chance of questioned costs or findings that could jeopardize future funding.

Streamlined Process and Timely Reporting

Meeting the nine‑month deadline for filing your Single Audit with the Federal Audit Clearinghouse is critical. Nichols Accounting uses a structured timeline that outlines milestones for document requests, control walkthroughs, and testing.

Secure cloud portals allow you to upload records quickly and track outstanding items in real time. Regular status meetings keep your finance and program teams informed, eliminating last‑minute surprises. Our efficient workflow minimizes disruptions to daily operations while ensuring you meet all regulatory deadlines.

Strengthening Grant Management

Beyond issuing an audit opinion, we focus on helping you improve grant administration. Post‑audit debriefs translate technical findings into practical recommendations for policies, procedures, and internal controls.

We advise on documenting cost allocations, maintaining sub-recipient monitoring files, and updating procurement policies to reflect current thresholds. Implementing these suggestions can reduce future compliance risk, speed up reimbursement requests, and position your organization favorably when competing for new awards. By turning audit insights into actionable improvements, Nichols Accounting supports long‑term program success and funding stability.

Ready to simplify your Single Audit?

Schedule a discovery call with us today, and learn how Nichols Accounting can guide you through Uniform Guidance requirements with confidence.

Here's how it works:

1. Schedule a Call

Fill out our simple contact form or give us a call.

2. Discuss Your Goals

We'll talk through your current challenges and long-term vision.

3. Build a Roadmap

Together, we'll outline the most efficient path to your financial success.

4. Get Started

Our expert team will handle the details so you can focus on growing your business.

Why Choose Nichols​

Federal Funding Knowledge:

Auditors with deep experience in education, health, and local government understand the nuances of federal regulations.

Clear Communication:

We explain requirements, findings, and corrective actions in plain language your team can use immediately.

Efficient Planning:

A proven timeline, secure document portals, and regular check‑ins keep the engagement on schedule and within budget.

Actionable Recommendations:

Practical tips help strengthen controls, improve grant oversight, and enhance future funding opportunities.

Learn More About Our Firm

Discover the story behind Nichols Accounting, meet our dedicated team, and see how our values drive the work we do.