Single Audit Readiness Checklist (2 CFR 200 Subpart F)

Audit Threshold & Applicability

Determine whether a Single Audit or program-specific audit is required.

• Did the entity expend $1,000,000 or more in federal awards during the fiscal year? *
• Total federal awards expended during the audit period (USD): *
• If expenditures are under all federal awards from only one program, was a program-specific audit election evaluated? *
• Has an independent auditor meeting GAGAS independence requirements been engaged? *

Schedule of Expenditures of Federal Awards (SEFA)

• Is a complete SEFA prepared listing all federal programs by CFDA/Assistance Listing number? *
• Does the SEFA identify federal awards received as a subrecipient, including pass-through entity name and identifying number? *
• Does the SEFA disclose amounts passed through to subrecipients for each program? *
• Is total loan/loan-guarantee balances outstanding disclosed in the notes to the SEFA? *

Major Program Determination

• Has the auditor applied the risk-based approach to identify major programs? *
• Is the Type A / Type B program threshold correctly calculated based on total federal awards expended? *
• Does audit coverage of major programs meet the required percentage (40% normal / 20% low-risk auditee)? *
• Has low-risk auditee status been evaluated against all criteria? *

Internal Controls & Compliance

• Are internal controls over federal programs documented in accordance with the Green Book / COSO framework? *
• Have applicable compliance requirements from the OMB Compliance Supplement been mapped to each major program? *
• Are prior-year audit findings tracked in a summary schedule of prior audit findings with corrective action status? *
• Is a corrective action plan prepared for each current-year finding? *

Reporting & Submission

• Is the reporting package submitted to the Federal Audit Clearinghouse (FAC)? *
• Submission deadline (earlier of 30 days after receipt of the auditor's report or 9 months after fiscal year end): *
• Is the data collection form (SF-SAC) certified by the auditee? *
• Authorized representative sign-off certifying the reporting package: *