Federal glossary · Process
A Single Audit (2 CFR 200.501) is required for non-federal entities spending $750,000+ in federal awards in a fiscal year. Covers compliance with award terms and adequacy of internal controls.
Reference record · Sources: 2 CFR 200 · Verified Jul 2, 2026 · Covers definition, governing source
Also known as
A Single Audit (2 CFR 200.501) is required for non-federal entities spending $750,000+ in federal awards in a fiscal year. Covers compliance with award terms and adequacy of internal controls.
is a process concept federal contractors and grant writers run into across solicitations, regulations, and award filings
Single Audit is a step or workflow in the federal-procurement lifecycle. Knowing where Single Audit fits in the larger acquisition arc — from market research through award through performance — helps contractors time their engagement, identify the right contracting officials, and avoid showing up too late to influence the requirement. Many proposal failures trace back to misunderstanding when Single Audit occurs, who owns it, and what artifacts it produces. The related terms above name the adjacent process steps that most commonly precede or follow Single Audit, and tracking those transitions over time is one of the more reliable ways to build pipeline visibility ahead of formal solicitations.
Meaning in practice
Single Audit is a step in a government workflow or procurement lifecycle.
Where you’ll see it
You will see it in NOFOs, solicitations, evaluation sections, award letters, and procedural instructions.
Common confusion
People often confuse the document that describes the process with the process itself.
What to do next
Identify the deadline, owner, and artifacts the process produces before you move forward.
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