Single Audits continue to evolve as federal funding sources, regulatory expectations, and compliance requirements shift. With significant updates in the 2025 OMB Compliance Supplement, ongoing effects of pandemic era and infrastructure funding, and revisions to the Uniform Guidance, organizations must stay ahead of new requirements. This course provides a clear, practitioner focused overview of the latest Single Audit developments, explaining how changes affect both auditors and auditees. Participants will gain practical insight into preparing for upcoming audits, understanding new federal oversight priorities, and implementing internal controls and documentation processes that support compliance and audit readiness.
Publication Date: July 2026
Designed For
Auditors performing single audits subject to the Uniform Guidance. Auditees subject to single audits.
Topics Covered
- Single Audit landscape: federal trends, monitoring priorities, and risk areas
- OMB Compliance Supplement: key changes, focus areas, and implementation guidance
- Updated Uniform Guidance requirements and anticipated revisions
- Managing federal grants: documentation, internal controls, and compliance strategies
- Preparing for Single Audits: auditor expectations, common pitfalls, and practical readiness tips
Learning Objectives
- Interpret key updates in the 2025 OMB Compliance Supplement and apply them to Single Audit planning
- Evaluate the impact of federal pandemic and infrastructure funding on current and future Single Audit requirements
- Identify the significance of proposed or final Uniform Guidance revisions and how they affect audit procedures
- Determine how updates to OMB Single Audit guidance influence auditee responsibilities and preparation
- Identify when the 2024 Uniform Guidance revisions in Subpart F become effective and understand implications for compliance
Level
Intermediate
Instructional Method
Self-Study
NASBA Field of Study
Auditing (Governmental) (2 hours)
Program Prerequisites
Prior experience with Single Audits
Advance Preparation
None
Instructors
Clark Nuber
Located in the Seattle metro area, Clark Nuber PS is home to one of the largest single-office Not-for-Profit practices in the United States. This nationally recognized group is composed of over 80 professionals who specialize in serving more than 750 not-for-profits. These professionals take a broad, holistic view of the entire financial and regulatory ecosystem in which not-for-profits function.
Our involvement and investment in the industry extends beyond providing professional services to charitable organizations. Our shareholders and principals also present regularly at conferences and seminars tailored to the not-for-profit community. And, several leaders serve on national-level boards and committees that establish guidance and best-practices for the sector, including the Financial Accounting Standards Board (FASB) Not-for-Profit Advisory Committee, the TE/GE EO Council’s TIC-TAQ Forum, and the AICPA Exempt Organization Technical Resource Panel.
Additionally, Clark Nuber is the author of the Form 990 Compliance Guide and the Private Foundation Handbook and Compliance Guide.
Kelly Rancourt
Kelly Rancourt, CPA is a principal in Clark Nuber's Audit and Assurance Services Group. Kelly has over 13 years of experience performing audits for not-for-profit and healthcare organizations. In addition, she also performs federal compliance audits and consults on federal compliance matters. She is a co-author of the annual Knowledge Based Audits of Health Care Entities published by CCH, a Wolters Kluwer Company. She is a member of the American Institute of CPAs (AICPA), the Healthcare Financial Management Association (HFMA), the Thompson Grants Editorial Advisory Board, and the Washington Society of Certified Public Accountants (WSCPA), where she is the past Co-Chair of the WSCPA Not-for-Profit and Healthcare Conference Planning Committee.
Troy Rector
Troy Rector is a shareholder in the Not For Profit and Governmental Services Group at Clark Nuber and has spent his career serving tax exempt organizations who receive Federal grant and contract assistance. He works with a range of community-based organizations including low income housing, healthcare, social service and many more. Troy regularly advises and presents on Uniform Guidance related topics. He is the chair of the Washington Society of CPA's Governmental Audit & Accounting Committee, a member of the AICPA's Government Audit Quality Center's Executive Committee and Past Chair of a local school district foundation.