What does no findings on a single audit mean?
It means the auditor did not have to report anything on the list in 2 CFR 200.516(a) — no material weakness or significant deficiency in internal control over a major program, no material noncompliance, no questioned costs above the reporting line. Among 22,398 nonprofit single audits for audit year 2024, 18,767 (83.8%) reported no findings (data as of 2026-09-20).
Last verified: 2026-09-20 · Every figure links its source.
What does no findings on a single audit mean?
The schedule of findings and questioned costs has three parts: a summary of the auditor's results, findings relating to the financial statements, and federal award findings with questioned costs (2 CFR 200.515(d)). “No findings” means the last part is empty. The first part still carries the opinions, the low-risk auditee determination and the list of major programs, so it is worth reading even when nothing was reported.
Source: 2 CFR 200.515 · 2 CFR 200.516 · Last verified: 2026-09-20
How common is a single audit with no findings?
| Result | Audits | Share |
|---|---|---|
| No findings reported | 18,767 | 83.8% |
| At least one finding | 3,631 | 16.2% |
| Material weakness reported | 2,088 | 9.3% |
| Significant deficiency reported | 3,027 | 13.5% |
| Repeat finding reported | 1,255 | 5.6% |
| Total nonprofit single audits | 22,398 | 100% |
How we computed this: organizations whose Federal Audit Clearinghouse entity type is non-profit, audit year 2024, one row per organization and year in our serving copy of the FAC bulk data. Data as of 2026-09-20.
Source: Federal Audit Clearinghouse · 2 CFR 200.516 · Last verified: 2026-09-20
Does no findings mean the auditor tested everything?
No, and the design says so. The auditor tests the programs selected as major, and the selection is risk-based: Type A and Type B programs, prior findings, and a coverage rule that requires major programs to reach at least 40 percent of total federal awards expended, or 20 percent for a low-risk auditee (2 CFR 200.518(f)). A program that was never major has not been compliance-tested this year.
Source: 2 CFR 200.518 · 2 CFR 200.514 · Last verified: 2026-09-20
Can a single audit have no findings but a modified opinion?
Not really — a compliance opinion that is other than unmodified is itself a reportable finding unless the circumstances are already reported as one (2 CFR 200.516(a)(5)). The combination people actually see is a clean compliance opinion with a modified opinion on the financial statements, or the reverse, because the two run on different materiality.
Source: 2 CFR 200.516 · 2 CFR 200.515 · Last verified: 2026-09-20
Questions and answers
What does no findings on a single audit mean?
The auditor did not report any of the items listed in 2 CFR 200.516(a) for the major programs tested: no material weakness or significant deficiency in internal control over compliance, no material noncompliance, and no questioned costs above the reporting line.
Is no findings the same as a clean audit?
Not exactly. The opinions on the financial statements and on compliance are separate from the findings schedule, and only the programs selected as major were compliance-tested.
See how your state compares: open the findings statistics.
This is public-record information, not accounting or legal advice.