Florida Single Audit Act

The Florida Single Audit Act, Section 215.97, Florida Statutes, establishes state audit and accountability requirements for state financial assistance provided to nonstate entities. The Legislature found that while federal financial assistance passing through the state to nonstate entities was subject to mandatory federal audit requirements, significant amounts of state financial assistance was being provided to nonstate entities that was not subject to audit requirements that paralleled federal audit requirements. Accordingly, the intent of the Act is that state audit and accountability requirements, to the extent possible, parallel the federal audit requirements. Consistent with this legislative intent, there are many similarities between the Catalog of State Financial Assistance and the federal Catalog of Federal Domestic Assistance, the State Projects Compliance Supplement and the federal 2 CFR Part 200, Appendix XI, Compliance Supplement, and the Rules of the Department of Financial Services and the federal 2 CFR Part 200, Subpart F - Audit Requirements. It is intended that these similarities will promote audit economy and efficiency.