Single Audit Report
The Single Audit is a comprehensive financial statement and federal awards audit which must be completed by the State of Washington each year. The Single Audit is performed to ensure the State uses its federal funds appropriately and is in compliance with all applicable requirements and regulations of each grant award. Federal expenditures by all state agencies, including institutions of higher education, are included in the scope of the statewide Single Audit.
What's in the Single Audit Report?
The report is presented in three sections:
- Financial statements section – includes the independent auditor’s report, management’s discussion and analysis, basic financial statements, notes to the financial statements, and required supplementary information.
- Auditor’s section – includes independent auditor’s reports on internal control and compliance as well as findings and questioned costs relating to financial statements and federal financial assistance programs.
- Auditee’s section – includes schedule of expenditures of federal awards and notes to the schedule, supplemental information on pass-through funds and loan activity and balances, corrective actions plans, and summary schedule of prior audit findings.
Who conducts the audit?
The audit is conducted by the State Auditor's Office pursuant to provisions of the federal Office of Management and Budget's Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards.