Nonprofit Audit Services in Virginia
Virginia law does not require every nonprofit to be audited. The Solicitation of Contributions law (Va. Code § 57-48 et seq.) requires charities soliciting in Virginia to register with OCRP and file financial statements or a Form 990 under Va. Code § 57-49 — but sets no audit threshold. Audits are instead triggered by the federal Single Audit rule — $1,000,000 in federal expenditures under 2 CFR 200.501 (fiscal years beginning on or after October 1, 2024) — or by grant agreements, funders, and bylaws.
What Are Virginia's Nonprofit Audit Requirements?
What the Commonwealth actually requires — and where binding audit obligations really come from.
Charitable Registration — Va. Code § 57-48 et seq.
Charities soliciting in Virginia register with the Office of Charitable and Regulatory Programs (OCRP) at the Virginia Department of Agriculture and Consumer Services. Under Va. Code § 57-49, annual filings include financial statements (with an independent public accountant's opinion, if one exists) or the IRS Form 990. The statute imposes no revenue threshold that mandates a CPA audit.
Source: Code of Virginia, Title 57, Chapter 5
Federal Single Audit — 2 CFR 200.501
Expend $1,000,000 or more in federal awards in a fiscal year beginning on or after October 1, 2024 and a Single Audit is mandatory (earlier fiscal years: $750,000). Northern Virginia's federally funded human services, housing, workforce, and research nonprofits hit this threshold routinely.
Source: 2 CFR 200.501 (OMB Uniform Guidance, Subpart F)
Grant Agreements & Funders
Virginia state and local government grants, foundations, federations, and lenders frequently require annual audited financial statements by contract — regardless of what Title 57 requires. Multi-state solicitors should also note that Maryland's Solicitations Act imposes its own audit threshold on charities soliciting there.
Bylaws & Board Governance
Many Virginia nonprofit bylaws mandate an annual independent audit, and boards often commission one voluntarily as revenue approaches seven figures, after leadership transitions, or before major financing. An audit is the clearest evidence of financial stewardship a board can give its donors.
Which Engagement Does Your Virginia Nonprofit Need?
Matched to your funders' requirements, federal expenditures, and governing documents.
Financial Statement Audit
Opinion IssuedGAAP audit with an independent opinion — ASC 958 net asset classes, functional expense allocation, contribution and grant revenue recognition, and board-ready statements for funders and the Form 990.
Single Audit (Uniform Guidance)
GAGASFinancial audit plus major program compliance testing under 2 CFR 200 Subpart F, SEFA preparation support, findings reporting, and Federal Audit Clearinghouse submission.
Review Engagement
Limited assurance at roughly 40–60% of audit cost — a fit for Virginia nonprofits whose funders and bylaws permit a review instead of a full audit. Never a substitute for a required Single Audit.
Typical Nonprofit Audit Costs — Virginia
Typical ranges for Virginia nonprofit engagements (2026). Actual fees depend on revenue, federal program count, and record readiness — every engagement is individually scoped with transparent pricing.
| Feature | Engagement | Typical Range | Typical Timeline |
|---|---|---|---|
| Financial statement audit (under $2M revenue) | $8,000–$12,000 | 6–8 weeks | |
| Financial statement audit ($2M–$10M revenue) | $11,000–$18,000 | 6–10 weeks | |
| Single Audit (1–2 major programs) | $12,000–$20,000 | 8–10 weeks | |
| Review engagement | 40–60% of audit cost | 4–6 weeks |
Why Do Northern Virginia Nonprofits Work With Us?
Alexandria, Arlington, and Fairfax nonprofits operate in the shadow of the federal government — their audits should be built for it.
Federal Funding Fluency
Northern Virginia nonprofits routinely blend HHS, HUD, DOL, and pass-through funding from Fairfax County, Arlington County, and the City of Alexandria. We plan every audit around your SEFA and major program determination from day one.
100% Virtual Fieldwork
No auditors in your office. Secure portals, direct bank and grantor confirmations, and scheduled video walkthroughs — the same workflow whether you're in Old Town Alexandria, Ballston, Tysons, or Richmond.
Multi-State Compliance Awareness
DMV nonprofits usually solicit in Virginia, Maryland, and DC simultaneously. We flag where Maryland's audit threshold or DC's licensing rules affect you — before a registration renewal gets rejected.
Licensed and Independent
Our CPAs are licensed in multiple states, including Washington DC, and perform audits under GAAS and Government Auditing Standards (Yellow Book) with full independence from your management.
Related Nonprofit Audit Resources
Nonprofit Audit Services
Our full nonprofit audit practice for DC, VA, and MD organizations.
Single Audit Threshold Guide
The $1M threshold explained — who needs a Single Audit and when.
Single Audit Services
Uniform Guidance audits under 2 CFR 200 Subpart F.
Yellow Book Audits
GAGAS audits for government-funded organizations.
Virginia Nonprofit Audit FAQs
Common questions from Virginia executive directors, CFOs, and board treasurers.
Need an Audit Proposal for Your Virginia Nonprofit?
Send us your latest Form 990 and a list of your federal and state grants. We'll tell you exactly which engagement you need — audit, Single Audit, or review — with a clear timeline and transparent pricing.
Serving nonprofits across Virginia — Alexandria, Arlington, Fairfax, Richmond, Hampton Roads — 100% virtually. Typical turnaround 6–12 weeks.