Contributor: Zach LeMorta | Audit Services
Grants professionals must navigate every phase of the grant lifecycle, from pre-award planning to final closeout. One particularly stressful aspect of grants management is preparing for the single audit and addressing the associated challenges. For success in this phase, grant professionals and accounting staff must seek to comprehend the auditor's role and the expectations involved.
In part one of this two-part episode series, we explore effective strategies for audit preparation with Kat Kizior, Grant Management Solutions Manager, and co-host Paula Heller, Grants Management Solutions Lead, as they are joined by special guest Auditing Manager Zach LeMorta.
This episode of Cherry Bekaert’s GPS Grants Management podcast series offers valuable insights to help organizations grasp the fundamentals of a single audit. Topics covered include:
- The difference between a single audit and a financial audit
- Steps for preparation for a single audit
- Processes to implement to minimize findings
- The most common findings during a single audit
- Best practice for a successful corrective action plan
Cherry Bekaert’s Grant Lifecycle Management team offers comprehensive grant management services to enhance internal controls and staff success, helping your organization seize every opportunity. For tailored advice specific to your business needs, Cherry Bekaert’s Government & Public Sector team is ready to assist.
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