Single Audit Act Compliant | 2 CFR 200 Uniform Guidance Ready

A-133 Audit Compliance Time Tracking Software for Single Audit Success

Ensure Single Audit Act compliance with automated time tracking and documentation. TimeRewards helps nonprofits receiving $750K+ in federal funding maintain audit-ready records and pass A-133 audits with confidence.

Key Challenges & Solutions

Challenge 01

Meeting Single Audit Documentation Requirements

Problem: A-133 audits require detailed time records, cost allocation documentation, and clear audit trails for all federal awards.
Solution: TimeRewards automatically maintains comprehensive audit trails with time stamps, approvals, and supporting documentation that meets Single Audit Act requirements.
Challenge 02

Tracking Federal Awards Across Multiple Programs

Problem: Organizations with multiple federal awards must track time and costs separately while maintaining overall compliance.
Solution: Advanced federal award tracking allows separate time allocation by award while maintaining consolidated compliance reporting.
Challenge 03

Preparing for Independent Auditor Review

Problem: Single audit preparation requires extensive documentation, cost allocation schedules, and detailed time records.
Solution: Generate complete A-133 audit packages with one click, including all required schedules, time documentation, and compliance certifications.
Challenge 04

Maintaining Continuous Compliance Monitoring

Problem: Organizations struggle to maintain year-round compliance readiness between audit cycles, leading to last-minute scrambles.
Solution: Real-time compliance monitoring with automated alerts and continuous audit readiness ensures you're always prepared for unscheduled reviews.

A-133 Compliance Features

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Single Audit Act Requirements

  • Federal Award Identification: Track time by CFDA number and award
  • Cost Allocation Documentation: Detailed direct and indirect cost tracking
  • Audit Trail Maintenance: Complete documentation of all time entries and modifications
  • Compliance Testing Support: Built-in controls for common audit findings
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Required Documentation

  • Schedule of Expenditures of Federal Awards (SEFA): Automated preparation
  • Time Distribution Records: Detailed personnel activity reports
  • Cost Allocation Plans: Documented allocation methodologies
  • Internal Control Documentation: Approval workflows and segregation of duties
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Audit Preparation Tools

  • Pre-Audit Reports: Identify potential findings before auditor arrival
  • Supporting Documentation: Complete backup for all time entries
  • Compliance Checklists: Built-in verification of A-133 requirements
  • Auditor Access Portal: Secure document sharing with independent auditors

Single Audit Preparation Process

1

Pre-Audit Assessment

  • Compliance Review: Automated check of all A-133 requirements
  • Documentation Verification: Ensure all supporting records are complete
  • Finding Prevention: Identify and resolve potential audit findings
  • Auditor Preparation: Organize documents for efficient auditor review
2

Audit Support

  • Auditor Access: Secure portal for independent auditor document review
  • Real-Time Queries: Instant access to detailed time and cost information
  • Sample Selection: Quick retrieval of transactions for auditor testing
  • Finding Response: Rapid preparation of management responses
3

Post-Audit Management

  • Corrective Action Plans: Track implementation of audit recommendations
  • Process Improvements: Update procedures based on audit feedback
  • Ongoing Monitoring: Continuous compliance verification
  • Next Audit Preparation: Maintain readiness for future audits
4

Continuous Improvement

  • Compliance Analytics: Track trends and performance metrics over time
  • Best Practice Updates: Stay current with evolving audit requirements
  • Staff Training: Built-in compliance training and certification tracking
  • Risk Assessment: Proactive identification of compliance vulnerabilities

Major Federal Programs

Education Programs

  • Title I funding compliance
  • Special education grant tracking
  • Student support services documentation

Health and Human Services

  • Community health center grants
  • Substance abuse prevention programs
  • Mental health services tracking

Housing and Community Development

  • CDBG program compliance
  • HOME investment partnerships
  • Housing assistance programs

Environmental Programs

  • EPA grant tracking
  • Environmental justice initiatives
  • Cleanup and restoration projects

Justice and Public Safety

  • Crime victim assistance programs
  • Community policing initiatives
  • Juvenile justice grant tracking

Transportation and Infrastructure

  • Highway improvement grants
  • Public transit funding compliance
  • Airport development programs
"Our A-133 audit used to take months of preparation and resulted in several findings. With TimeRewards, we're audit-ready year-round. Our auditors completed their review in half the time, and we received an unqualified opinion with no findings for the first time in five years."
- David Chen, CFO, Metropolitan Community Services

Compliance Investment ROI

Cost Savings

  • Reduced Audit Preparation: 75% less time preparing for audits
  • Lower Professional Fees: Decreased CPA and consultant costs
  • Finding Prevention: Avoid costly corrective actions
  • Grant Protection: Maintain federal funding eligibility

Efficiency Gains

  • Automated Documentation: Eliminate manual compliance tracking
  • Real-Time Monitoring: Continuous compliance verification
  • Streamlined Reporting: One-click audit report generation
  • Staff Productivity: Focus on mission instead of compliance

Frequently Asked Questions

Does TimeRewards meet all A-133 Single Audit Act requirements? +
Yes, TimeRewards is designed to meet all Single Audit Act requirements including time documentation, cost allocation, and audit trail maintenance.
Can TimeRewards track multiple federal awards simultaneously? +
Absolutely. Our system tracks time and costs by individual CFDA number and federal award while maintaining consolidated reporting.
How does TimeRewards help with auditor requests? +
We provide secure auditor access portals, instant report generation, and complete documentation packages that auditors need.
What if we receive audit findings related to time tracking? +
TimeRewards includes corrective action plan tracking and process improvement tools to address any findings and prevent recurrence.
Does the system handle match requirement tracking? +
Yes, we track federal vs. non-federal funding sources and automatically calculate match requirements by award.

Pass Your Next A-133 Audit with Confidence

Stop worrying about Single Audit compliance. TimeRewards provides everything you need to pass A-133 audits and maintain federal funding eligibility.

Complete A-133 compliance • Auditor-approved documentation • 30-day money-back guarantee