The ABCs of Your Single Audit

Yeo & Yeo CPAs & Business Consultants

At the recent Michigan School Business Officials conference, Jennifer Watkins presented, “The ABCs of Your Single Audit.” She spoke about how to prepare the Schedule of Expenditures of Federal Awards (SEFA), SEFA reconciliation and notes, and other necessary schedules. She also shared information on hot topics such as Uniform Grant Guidance and final guidance from the Michigan Department of Education including the current Audit Manual and common issues to watch for in audits and monitoring. 

Specifically, Jennifer focused on issues related to time and effort, lack of federal procedures, unallowable costs, improper budgeting, equipment reporting, and policies and requirements that are mandatory for the School Food Authority (nutrition/lunch program).

See her presentation, The ABCs of Your Single Audit.

Yeo & Yeo CPAs & Business Consultants

Yeo & Yeo CPAs & Business Consultants

Yeo & Yeo CPAs & Business Consultants is a leading Michigan accounting firm. Since 1923, our industry-specialized Michigan accountants and consultants have provided clients with forward-thinking, comprehensive solutions in accounting, audit, tax, technology and business consulting.