Organizations that receive government funding face a complex and evolving compliance landscape. Navigating federal, state, local, and international regulations requires both technical expertise and practical experience.
Withum helps organizations meet compliance requirements through specialized government-funded programs audit and advisory services.
We provide a comprehensive suite of audit services to address diverse compliance needs:
Organizations that meet the Uniform Guidance (2 CFR 200) expenditure threshold in Federal awards are required to undergo a single audit, including a financial statement audit and a compliance audit of major Federal programs, along with required reporting on internal controls. We perform program-specific and single audits in accordance with the Uniform Guidance, ensuring compliance with federal requirements related to financial management, internal controls, and reporting.
Our team conducts audits in accordance with Generally Accepted Government Auditing Standards (GAGAS), also known as the Yellow Book, providing independent and objective assurance on financial and performance measures.
We provide technical expertise to assist organizations with services and compliance tailored to state-specific single audit requirements, ensuring alignment with local regulatory expectations.
Organizations receiving funding from international agencies and foreign governments face additional reporting requirements. Our team supports organizations with specialized reporting requirements tied to grants or contracts funded by entities such as:
Our team also performs audits in accordance with International Standards on Auditing (ISA) and International Financial Reporting Standards (IFRS), meeting global compliance and reporting requirements.
Beyond audit services, we provide proactive advisory solutions to strengthen your organization’s compliance framework
We assist in establishing and refining internal control structures aligned with Uniform Guidance and other regulatory standards.
Our professionals offer targeted education on 2 CFR 200 requirements, equipping your team with the knowledge needed to maintain ongoing compliance.
Our professionals bring a high level of technical expertise and continuous training across multiple accounting and auditing frameworks, including:
This multidisciplinary knowledge and experience enable us to tailor our approach to the unique regulatory expectations associated with each funding source and ensure that we can deliver audit and advisory services that meet both domestic and international standards.
Whether your organization is managing federal awards, navigating state requirements, or fulfilling international grant obligations, we bring the experience and insight needed to support your success. Our commitment is to deliver high-quality, reliable services that not only meet compliance requirements but also enhance operational effectiveness.
If your organization receives federal funds and issues subawards, it may be subject to additional reporting requirements. The Federal Funding Accountability and Transparency Act (FFATA) may be something you’ve seen in your contracts or discussed with your contact at the agency funding your contract, but in practice, you may have questions about what impact it…
For Federally Qualified Health Centers (FQHCs), single audit readiness—more precisely, readiness for an audit under Uniform Guidance—is no longer limited to the finance department. It is an organization-wide discipline that requires alignment across grants management, reimbursement, accounting, compliance, operations, and governance. Under Uniform Guidance, a non-Federal entity that expends $1,000,000 or more in Federal awards…
All that time preparing for the audit and it’s finally over. What a relief! But there were some internal control or compliance deficiencies that were identified during the Single Audit and now management needs to prepare a corrective action plan (CAP) to address the findings as required under the Uniform Administrative Requirements, Cost Principles and…
From CleanTech to HealthTech, no matter the size, public or private. How many of you have solicited and received funding or seed funding directly from the federal government or a pass-through entity that originated from the federal government? Did you read the fine print? What Is The Uniform Guidance? The Uniform Guidance (the “guidance”) generally…
Share 2020 was a year that brought a great many changes to how companies operate day-to-day. In addition, countless organizations found themselves applying for and receiving funding from new sources. This could result in an unexpected outcomein2021: new audit requirements. Assistance programs offering relief from the COVID-19 pandemicthrough the Coronavirus Aid, Relief and Economic Security…
For more information or to discuss your business needs, please connect with a member of our team.