Nonprofit Audit Services in Washington DC, Virginia & Maryland
A nonprofit audit is an independent CPA examination that tells boards, funders and regulators whether an organization's financial statements are fairly presented. Nonprofits that expend $1,000,000 or more in federal awards in a fiscal year also need a Single Audit under 2 CFR 200.501. Your Virtual CPA performs nonprofit, Single and Yellow Book audits across DC, Virginia and Maryland.
Nonprofit Audit Services We Provide
From Single Audits under federal uniform guidance to Form 990 preparation and grant compliance — every nonprofit audit and attestation service in one place.
Single Audit (2 CFR 200)
Most CommonRequired for nonprofits expending $1,000,000+ in federal awards. Covers financial statements AND compliance testing for all major federal programs. FAC submission within 9 months.
Learn moreYellow Book Audit (GAGAS)
Government Auditing Standards audits for government-funded organizations. Stricter independence requirements and additional reporting beyond standard GAAS.
Learn moreForm 990 Preparation
IRS Form 990, 990-EZ, 990-N, and 990-T (UBIT) preparation. Three missed filings = automatic revocation of tax-exempt status.
Learn moreAudit Readiness
Pre-audit review of your records, internal controls, and grant documentation. Identify and fix weaknesses before your auditor arrives — saves time and cost.
Learn moreGrant Compliance & AUP
Agreed-upon procedures for grant funders. Verify grant spending compliance without a full audit. Common for city, county, and foundation grants.
Learn moreUBIT Analysis & 990-T
Identify taxable unrelated business income from rental income, advertising, retail operations, or parking. File Form 990-T when UBIT exceeds $1,000.
Learn moreSOC 2 for Nonprofits
SOC 2 attestation reports for nonprofits that handle donor data, process online payments, or provide technology platforms to clients or partners.
Learn moreHUD & Housing Audit
Single Audits for housing nonprofits receiving CDBG, HOME, Section 8, HOPWA, and CoC grants. HUD Consolidated Audit Guide compliance.
Learn moreFQHC & Ryan White Audit
HRSA Section 330, Ryan White, and SAMHSA grant compliance audits for Federally Qualified Health Centers and healthcare nonprofits.
Learn moreState Compliance Requirements — DC, Maryland & Virginia
Each state has different charitable registration thresholds that trigger audit or review requirements. Learn the specific rules for your state:
Washington DC — No Statutory Audit Threshold
DC charitable solicitation licensing (D.C. Code § 44-1701 et seq.) sets no audit or review threshold. Audits come from the $1M Single Audit rule, DC grant terms, funders, and bylaws.
Maryland — $400K Review / $1M Audit
Effective July 1, 2026 (SB 354): CPA review at $400K+, full audit at $1M+ in charitable contributions, excluding government grants (Bus. Reg. § 6-402). Previously $300K / $750K.
Virginia — No Statutory Audit Threshold
VDACS Form 102 accepts your Form 990, audited financials, or (990-N filers) a treasurer's report (Va. Code § 57-49). 4.5-month filing deadline.
Who Needs a Nonprofit Audit?
Audit requirements for nonprofits come from federal law, state regulators, grant-making organizations, and your own governing documents.
Federal Grant Recipients
Organizations that expend $1,000,000 or more in federal awards in a fiscal year must obtain a Single Audit per 2 CFR 200.501. This threshold applies to ALL federal awards combined — grants from HHS, HUD, DOL, DOE, USDA, EPA, and any other federal agency.
Source: 2 CFR Part 200 Subpart F — eCFR.gov
State-Registered Charities
Maryland requires a CPA review at $400,000 and an audit at $1,000,000 in gross income from charitable contributions (government grants excluded), effective July 1, 2026. Virginia and DC set no statutory audit or review threshold — Virginia accepts the Form 990 with VDACS registration, and DC licensing has no audit tier.
Source: Md. Code Ann., Bus. Reg. § 6-402(b)(7), as amended by SB 354 (2026 Md. Laws ch. 394); Va. Code § 57-49 and 2VAC5-610-30; D.C. Code § 44-1701 et seq.
Foundation & Grant Requirements
Most community foundations, private foundations, and corporate giving programs require audited financial statements for grant applications over $25,000–$50,000. United Way affiliates, government agencies, and international funders frequently set their own audit requirements below the $1,000,000 federal threshold.
Board & Governance Requirements
Many nonprofit boards adopt bylaws or policies requiring annual audits as a matter of good governance — regardless of size or funding source. This is particularly common for organizations with significant assets, multiple programs, or that are publicly accountable to members or donors.
Our Nonprofit Audit Process
A structured, transparent audit process designed to minimize disruption to your organization's operations.
Engagement Planning & Risk Assessment
We meet with your finance team and executive director to understand your organization's programs, federal awards, and risk areas. We assess internal controls and develop an audit plan tailored to your situation. For Single Audits, we identify major federal programs for compliance testing per 2 CFR 200.518.
Document Request & Preparation
We provide a detailed list of documents needed (generally ledger, bank statements, grant documentation, payroll records, board minutes). We work with your team to organize materials efficiently through an organized document exchange, minimizing the burden on your staff.
Fieldwork
Our CPA team performs substantive testing, analytical procedures, and internal control walkthroughs. For Single Audits, we test each major federal program for compliance with grant requirements and applicable federal laws (2 CFR 200, program-specific regulations). Most work is performed electronically.
Draft Report & Management Review
We prepare draft financial statements and auditor's reports and meet with management to discuss findings, proposed adjustments, and any audit comments. For Single Audits, we review any findings with management and allow time for the corrective action plan.
Final Report & Filing
We issue the final audit report package. For Single Audits, we prepare and submit the audit reporting package to the Federal Audit Clearinghouse (FAC) through the FAC submission system within the 9-month deadline.
Related Audit & Attestation Services
Government Contractor Audit (DCAA)
DCAA compliance audits for Northern Virginia defense and federal contractors.
HOA Audit Services
Annual audits for homeowners and condo associations in DC, VA, and MD.
Attestation Services
AUPs, reviews, compilations, and SSAE 18 engagements.
Nonprofit Accounting
Ongoing bookkeeping, Form 990 preparation, and grant tracking.
Audit Requirement Checker
Find out which audit level your nonprofit needs — free tool.
Nonprofit Audit Checklist
10-step preparation checklist — get audit-ready before your auditor arrives.
Single Audit Checklist
SEFA documentation and FAC submission guide for federal award recipients.
Switching Auditors
How changing audit firms works, from board approval to opening balances.
Audit RFP Template
Free Word template with a scoring sheet for choosing an audit firm.
Local Nonprofit Audit Guides
Nonprofit Audit — Washington DC
DC charitable registration rules, Single Audits for federal grantees, and how DC audits are scoped.
Nonprofit Audit — Virginia
Va. Code § 57-48 registration filings, the $1M Single Audit threshold, and Northern Virginia coverage.
Nonprofit Audit — Maryland
Maryland's new $1,000,000 audit and $400,000 review thresholds (SB 354, effective July 1, 2026) explained.
What Does a Nonprofit Audit Cost?
Fees depend on the size of the organization, the number of federal programs, and the quality of your records. We are transparent and charge fair fees quoted upfront after a short call.
Nonprofit Audit FAQs
Common questions from nonprofit executive directors, finance managers, and board members.
Ready to Start Your Nonprofit Audit?
Book a short call with our nonprofit audit team. We'll review your funding sources, explain what type of audit you need, and provide a clear timeline and fee estimate.
Serving nonprofits nationwide.