Your for-profit entity client has received federal funds -- now what?
This Governmental Audit Quality Center webcast addresses auditors' challenges when their for-profit clients receive federal funding.
In recent years, there has been a steady increase in federal funding awarded to for-profit entities, either directly or through pass-through entities. Both the for-profits and their auditors often struggle in identifying the audit requirements tied to federal funding, especially because the Uniform Guidance does not apply to for-profit entities. Although some federal