Page 14 - Finance for “Non-Financial” Board Members
P. 14
The Audit (Organizational Standard 8.1)
Only licensed CPAs can issue an audit
CAAs need a single Audit (A-133), not just a financial statements audit *Check
federal threshold of $750,000
Audit submission deadline is 9 months after the end of the fiscal year
Must send a summary report of audit to the Federal Audit Clearinghouse and
state agency
