Keeping Institutions Compliant

Single Audit

Ensure Compliance, Transparency, and Accountability in Federal Funding.

Single Audit

At McClintock & Associates, we specialize on providing comprehensive Single Audit services tailored to the unique needs of post-secondary education institutions. Our team of experienced auditors is committed to ensuring that your institution meets federal requirements, complies with regulations, and remains fully accountable for its use of federal funds.

What makes a Single Audit essential for your institution?

A Single Audit is a comprehensive audit of an institution’s financial statements, federal awards, and compliance with federal regulations. This audit is required for institutions that expend over $750,000* in federal funds in a fiscal year. It ensures that federal funds are used for their intended purposes and that your institution complies with all applicable laws and regulations.

*This $750,000 was increased to $1,000,000 for fiscal years beginning on or after October 1, 2024. So the $750,000 threshold will be applicable for year-ends through 9/30/25.

Our Single Audit Services Include

Financial Statement Audits:

Conducting thorough audits of your financial statements to ensure they are accurate and in accordance with Generally Accepted Accounting Principles (GAAP).

Federal Awards Compliance:

Reviewing your institution’s processes to ensure federal funds are being used properly and that all reporting requirements are met.

Internal Control Assessments:

Evaluating your internal control systems to identify potential weaknesses and recommended improvements to safeguard federal funds.

Audit Reporting:

Preparing clear and concise reports that meet all the necessary compliance standards for federal oversight bodies.

Questions to Ask Yourself

How early can I forecast my composite score to avoid surprises at the end of the year?

Is my auditor knowledgable on Title IV regulations outside the scope of Single Audit?

Is it my responsibility to inform my auditor of new regulations, or should they keep me updated?

Why Institutions Trust McClintock & Associates?

Specialization in Title IV

With 50+ years of experience and currently issuing 150+ audits annually, we’ve worked across every school model—so the challenges you’re facing, we’ve likely already solved. That’s why we’re frequently invited to speak at conferences to share our expertise.

We’ve Walked in Your Shoes

Our Financial Aid Compliance team includes 10 financial aid veterans and 7 Certified Financial Aid Administrators® (FAAC), delivering customized, real-world solutions shaped by firsthand institutional experience.

Year-Round Proactive Planning

With regulations evolving faster than ever, smaller financial aid and accounting teams often struggle to keep up. We track Title IV changes year-round and highlight what matters most for you.

Our Clients Love Us

Our team comes “batteries included”—no training needed, and we speak your language from day one. We work efficiently to minimize disruption, helping schools stay focused on students.

Our Proven Process

McClintock & Associates has been solely focused in serving postsecondary institutions for nearly 50 years and this has allowed us to refine our audit process and provide each client with an efficient and positive experience.

We understand the impact your institution has on your students and their families. Your focus should be on helping shape and change their lives, not your audits. That’s where we can help by reducing the impact our audit has on your team.

“McClintock & Associates have provided a true game changer for us!"

For years, I dreaded calculating our 90/10 Rate, as our SIS often struggled to project it accurately. With the new model, what once took a week now takes just hours. It’s accurate, easy to follow, and allows us to run our rate more frequently—empowering us to adjust faster.

Another huge bonus is the built-in footnote disclosure, which made our EZ-Audit submission completely painless. The minimal cost far outweighed the time and resources saved.

Eddie Alkhal
Director of Operations, Prism Career Institute