Single Audit Tool

A system comprising:

• a server including a processor and memory storing instructions that, in response to receiving a request for access to a service, cause the processor to:
• determine, using an engagement module of a web server, an audit risk level for the entity;
• determine, using a program module of the web server, whether a Single Audit of the entity is to be performed based at least in part on a financial award received by the entity exceeding a first threshold value and on first information, wherein the financial award is associated with at least one funding program and the first information includes information specific to the entity and to the at least one funding program, wherein said information specific to the entity is determined from one or more user responses to a first set of questions provided through a graphical user interface;
• if the financial award received by the entity does not exceed the first threshold level, determining, using the program module of the web server, whether a program-specific audit is to be performed for the entity based at least on second information related to the at least one funding program;
• determine, using the program module of the web server, whether the at least one funding program is to be evaluated as a major program at least in part by assessing risk and coverage information associated with the financial award and the entity, said determining of the at least one funding program as a major program further comprising automatically determining whether the at least one funding program can be clustered into a grouping of funding programs and processed as a single funding program based at least in part on whether a set of common compliance requirements can be applied to the at least one funding program wherein said risk and coverage information is determined from one or more user responses to a second set of questions provided through a graphical user interface;
• automatically determine, using a compliance module of the web server, at least one compliance procedure from a plurality of compliance procedures for use during the Single Audit or the program-specific audit, said determining of the at least one compliance procedure for use based on at least the determined audit risk level and the determined funding program evaluation;
• provide the at least one compliance procedure to conduct the Single Audit or the program-specific audit.

A system for planning an audit comprising:

• a data store comprising a plurality of compliance procedures;
• a server operatively coupled to the data store, the server including a processor and memory storing instructions that, in response to receiving a first request for access to a service, cause the processor to:
• determine, using an engagement module of a web server, an audit risk level for the entity;
• provide a first set of questions and a second set of questions to an entity provided through a graphical user interface;
• determine, using a program module of the web server, whether a Single Audit or a program-specific audit is to be performed for the entity based on a response to the first set of questions;
• determine, using the program module of the web server, whether a funding program associated with a financial award received by the entity is to be evaluated as a major program based on a response to the second set of questions;
• determine, using a program module of the web server, whether the entity is low risk or not low risk;
• select automatically, using a compliance module of the web server, at least one compliance procedure from the plurality of compliance procedures to be used during the Single Audit or the program-specific audit;
• generate a signal associated with the at least one compliance procedure;
• and
• transmit the signal.