Single Audit Report
The Single Audit Report is an entity audit of Washington state that includes both the financial statements and the expenditures of federal awards by all state agencies, including institutions of higher education.
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.