Professional Accounting Blog

    Accounting For Your Prosperity

    Megan Titus

    Megan is a Manager in Meaden & Moore’s Assurance Services Group with over seven years of experience. She provides public accounting services to a wide variety of clients in various industries, including construction, manufacturing, and distribution.

    Recent Posts

    The Data Collection Process - Everything You Need to Know

    Posted by Megan Titus on Jan 4, 2017 8:00:00 AM

    Topics: Accounting & Auditing

    Many non-profit organizations are already aware of the requirements of a single audit and the reason for this audit. Something that these entities may not be familiar with is the requirement of submitting the Data Collection Form (DCF) after a single audit is completed.

    So what is this Data Collection Form and why is it important?

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    What is a Single Audit & Do I Need One?

    Posted by Megan Titus on Jul 6, 2016 8:22:50 AM

    Topics: Accounting & Auditing

    A short summary of the Uniform Guidance 

    You may be asking yourself, what exactly is a single audit and why should I care? In the simplest terms, a single audit in accordance with the 2CFR Part 200 (also referred to as the Uniform Grant Guidance, or UGG) is required for organizations receiving more than a dollar threshold amount in federal funding during a fiscal year. If you’re a not-for-profit organization and you received federal funds during any given year, you should care about the single audit requirements!

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