Because of our great experiences with Clausen, their proactive and responsive approach with clients, high quality, timely service and in-depth audit experience (especially with NIH and DoE grantees), we are happy to call them our partner! Furthermore, we would like to personally recommend their services to any of our clients or any NIH or DoE grantees needing an audit.
Single and Program Specific Compliance Audits
"Why are They Important to Grantees?"
Government Grantees (particularly those working with the NIH or DoE), are often unaware that as soon as they receive a certain level of federal funding in a calendar year, that they are required to undergo, and pay for, frequent audits of their accounting system. A non-Federal entity that expends $750,000 or more in Federal awards during that entity's fiscal year must have a single or program-specific audit conducted for that year in accordance with the provisions of OMB’s Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance), in 2 CFR part 200.
Contractors and Grantees that do not comply with these requirements face the threat of suspended funding, and may even risk losing future awards. Don't let this happen to your business!
In the coming months, ReliAscent will release blogs and send out occasional email reminders on important news and updates related to audits & audit deadlines, the NIH and DoE, and how our friends at Clausen can help grantees.
If you have any questions about their services or these types of audits, please feel free to contact Clausen & Associates CPA, or your friends at ReliAscent.