Audit Service
A single audit is one opinion on your financial statements and on your compliance with federal award requirements — and the document your funders, board, and regulators will read most closely. We perform them under Government Auditing Standards and the Uniform Guidance, with the grant-level detail the engagement demands.
Scope of Work
A single audit combines a financial statement audit performed under Yellow Book standards with an engagement to report on compliance and internal control over compliance for your major federal programs. It is a single engagement covering every federal award expended in the year, rather than a separate audit for each grant.
Not sure whether your federal expenditures cross the threshold? Send us your prior-year SEFA and we will tell you where you stand before you commit to an engagement.
Compliance Testing
Each major program is tested against the Uniform Guidance requirements that apply to it — not a generic checklist. Typical areas include:
Next Step
A short conversation is usually enough to know whether we are the right fit for your organization.
Methodology
We inventory every federal award and pass-through agreement, reconcile drawdowns to the general ledger, and build the SEFA before fieldwork begins — so testing starts from a clean foundation.
We assess risk at the program level, document our understanding of internal controls, and determine your major programs under the Uniform Guidance framework.
Transactions, procurement files, time records, and subrecipient monitoring are tested against the requirements that apply to each major program, with findings documented as we go.
We issue the financial statement and compliance reports, the Schedule of Findings and Questioned Costs, and the management letter — then submit the reporting package for you.
Why Hallmark
We read the terms of each award — including Florida pass-through agreements — rather than working only from the general ledger. That is where most compliance problems start.
Interim SEFA reviews, drawdown testing, and documentation checkpoints during the year keep the audit from becoming a year-end fire drill.
When a finding is unavoidable, we pair it with a corrective action plan your board, funders, and management can actually implement before the next cycle.
Common Questions
Generally, when your organization expends $1,000,000 or more in federal awards in a single fiscal year. For fiscal years beginning on or after October 1, 2024 the threshold is $1,000,000; earlier periods used $750,000. Awards passed through the State of Florida count toward the total, even if the federal government is not your direct awarding agency. Some funders also require a single audit below the threshold.
Single Audit Consultations
Tell us about your organization and where you need help. Your message goes straight to our Single Audit Team, so the CPA who handles this work is the one who replies.
Every inquiry is read by a CPA and answered within one business day. Prefer to talk? Call (813) 283-0642.