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Important Takeaways for Single Audits Under the CARES Act

Important Takeaways for Single Audits Under the CARES Act

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July 2020

There’s no disputing that the intent of the Coronavirus Aid, Relief, and Economic Securities (CARES) Act of 2020 is to provide immediate and tangible economic relief to American workers, families and small businesses. What has been less clear since its passage in March 2020 is how acceptance of funds available through various CARES Act programs could impact single audit requirements.

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