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Audit Threshold Increases to $1M In Final Revisions to Subpart F

Jerry Ashworth

April 15, 2024 at 08:03:26 ET

The single audit threshold under subpart F of the Office of Management and Budget’s (OMB) 2024 revisions to the uniform guidance (2 C.F.R. Part 200) will increase from $750,000 in federal awards expended within a nonfederal entity’s fiscal year to $1 million (§200.501(a)). The threshold increase was one of several changes that will take effect to subpart F under these revisions. Du... Read More

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Audit Threshold Increases to $1M In Final Revisions to Subpart F

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