Millan & Company’s auditing services help you grow your business and help your clients understand your financial statements. Many federal agencies require audits of for-profit entities that participate in federal programs. These audits are generally required to be performed under Government Auditing Standards (referred to as the Yellow Book).
The additional requirements for the audits vary. Some require a Yellow Book financial statement audit, along with a compliance audit that is performed using requirements defined in a federal audit guide. Some require only a compliance audit or program-specific audit. They key is to ensure a correct understanding of the applicable audit requirements.
Contact us to learn more about what for-profit audit requirements apply to your company.