Beginning in 2004, the requirement for a single audit for organizations receiving federal funds received increased from $300,000 to $500,000

Name: Beginning in 2004, the requirement for a single audit for organizations receiving federal funds received increased from $300,000 to $500,000
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In 2004, the Office of Management and Budget (OMB) increased the threshold for a single audit requirement from $300,000 to $500,000 for organizations receiving federal funds.

Beginning in 2004, the Requirement for a Single Audit for Organizations