Single Audits
Single Audit
A Single Audit, also known as a Uniform Guidance audit, is a specific type of audit conducted on organizations that receive federal funding. A non-federal entity becomes subject to a Single Audit when it expends a certain threshold of federal funds in a fiscal year (usually $750,000 or more). The purpose of the Single Audit is to examine and ensure that the organization has complied with the requirements of the federal awards it received. The Single Audit report provides the federal government with an assurance that the funds are being used appropriately and in accordance with applicable laws and regulations.
The Single Audit is essential in promoting transparency, accountability, and stewardship of federal funds and helps identify any areas of concern or non-compliance that may need corrective action. The audit report is submitted to the Federal Audit Clearinghouse (FAC), where it becomes publicly available for review.
Is your organization compliant? Our assurance services are the best way to know.
Our experts have extensive experience working with nonprofit organizations that receive federal grants and are subject to Single Audits. We deliver much more than the required compliance and financial statements audit by reviewing and helping you understand the applicability of a single audit and the definition of a federal awards, and your requirements and responsibilities related to internal control over compliance and the preparation of the schedule of expenditures of federal awards.
During a Single Audit, we review your financial statements and internal controls related to federal programs. We also assess your organization’s compliance with the terms and conditions of the federal grants, as outlined in the Uniform Guidance, applicable compliance supplements and grant agreements.
A Commitment to Client Success
Our Experience
The Rubino team has decades of experience performing single audits, and our work has covered grants from both state and federal sources, examples include the following:
- National Science Foundation
- United States Agency for International Development programs
- United States Department of Agriculture programs
- United States Department of Education programs
- United States Department of Energy programs
- United States Department of Health and Human Services programs
- United States Department of Homeland Security programs
- United States Department of Housing and Urban Development programs
- United States Department of Justice programs
- United States Department of Labor programs
- United States Department of State programs
- United States Department of the Interior
- United States Department of Veterans Affairs programs
Our Advantage
One of our shareholders frequently provides written testimony in support of cost disallowance cases to the U.S. Department of Health & Human Services Departmental Appeals Board.
One of our shareholders was the National Director of Government Contract Services for a “Big Six” accounting firm prior to founding Rubino & Company.
Rubino itself is the recipient of government contracts and is required to comply with the same rules and procedures as many of our clients.
With the Rubino Team,Anything Is Possible

Insights
At Rubino, we understand the unique strategic and financial issues that nonprofit groups face daily. Reliance on unpredictable income and volunteer workers makes it much more difficult to deliver a consistent product or service.
We can alleviate this uncertainty by developing solid financial strategies that your organization can always count on.
All organizations need accounting services. Where they get it can be the difference between success and failure. Too often, businesses take on accounting services themselves, which may work in the very beginning, but fail as the business grows and financial needs become more complicated.
Instead, choose a scalable approach. Outsourced accounting services provide a framework for growth that will sustain your business years into the future.
Housing authorities must operate with total transparency. The financial documents they produce each year have to be detailed enough to withstand intense scrutiny, which is why many choose an outsourced option.
Rubino specializes in the needs of public housing authorities, and with our expert affordable housing team, your agency can expect reliable guidance and high-quality services that are efficient, timely, and informative.
When your individual income is closely tied to your small business or nonprofit fundraising, there is a tight distinction among personal taxes, financial reporting, and the needs of your organization.
Rubino understands these differences, and we’ve helped many clients manage their financial futures alongside their businesses or other entrepreneurial endeavors.
Healthcare providers have special financial reporting and data security needs. This is why many dentists, chiropractors, physical therapists, and the like turn to Rubino as their financial partner.
With us, you can operate with confidence knowing you have your financial bases covered and concentrate on providing the best possible care for your clients.
An accountant with the right mix of experience and industry knowledge can save you money and time. Rubino has worked with real estate property owners for decades. Accounting in real estate companies shouldn’t be a mystery; we can be your trusted resource.
We help our real estate clients achieve their goals by taking the time to understand their needs and providing the expertise of a large firm with the service of a small firm.
Government contractors are under higher scrutiny because they operate in a field that requires transparency and compliance with shifting regulations. While government contracts can be lucrative and are highly sought after, the firms they get awarded to need to meet these stringent regulations and adjust when they are changed. Merely knowing what all the regulations are and what you need to do to meet them is a job in and of itself.
This is where Rubino comes in. When you partner with us, you can rest assured you will receive quality information and expert advice that keeps you ahead of changes to regulatory and accounting standards.
