Single Audits/ Cost Reports
The current threshold requirement for a single audit for a not-for profit is $750,000. If your organization receives this amount or more from the government, you will be required to comply with a single audit. We comply with the Single Audit Act and assist our clients with understanding these complex requirements. Though the standards for single audits are constantly changing, we stay up-to-date on all changing guidelines and regulations.
A cost report is an annual report submitted by all institutional providers participating in the Medicaid program. This report is submitted on prescribed forms, depending on the type of provider and we can assist with the filings of these forms.