Wake Forest University: Single Audit Reports and Findings
Wake Forest University filed 10 single audits between 2016 and 2025; the most recently observed auditor is KPMG LLP (2025), and the 2025 report lists 3 findings. Data as of 2026-09-18.
Data as of Sep 18, 2026 · Source: Federal Audit Clearinghouse (public data)
Single audits by year
One row per audit year as the Federal Audit Clearinghouse accepted it. The auditor named is the one observed on that filing; Wake Forest University is recorded in WINSTON SALEM, North Carolina under EIN 560532138, and the Clearinghouse records it as a higher education institution.
| Audit year | Fiscal year end | Federal expended | Threshold applied | Auditor observed | Findings | MW / SD | FAC report |
|---|---|---|---|---|---|---|---|
| 2025 | 2025-06-30 | $374,711,863 | $3,000,000 | KPMG LLP | 3 | SD | 2025-06-GSAFAC-0000406630 |
| 2024 | 2024-06-30 | $322,452,242 | $3,000,000 | KPMG LLP | 18 | SD | 2024-06-GSAFAC-0000362734 |
| 2023 | 2023-06-30 | $303,863,913 | $3,000,000 | KPMG LLP | 65 | — | 2023-06-GSAFAC-0000024952 |
| 2022 | 2022-06-30 | $285,911,918 | $3,000,000 | KPMG LLP | 1 | SD | 2022-06-CENSUS-0000081366 |
| 2021 | 2021-06-30 | $301,992,717 | $3,000,000 | KPMG LLP | 0 | — | 2021-06-CENSUS-0000081366 |
| 2020 | 2020-06-30 | $260,321,174 | $3,000,000 | KPMG LLP | 0 | — | 2020-06-CENSUS-0000081366 |
| 2019 | 2019-06-30 | $258,029,710 | $3,000,000 | KPMG LLP | 8 | SD | 2019-06-CENSUS-0000081366 |
| 2018 | 2018-06-30 | $253,126,303 | $3,000,000 | KPMG LLP | 22 | SD | 2018-06-CENSUS-0000081366 |
| 2017 | 2017-06-30 | $245,362,506 | $3,000,000 | KPMG LLP | 0 | — | 2017-06-CENSUS-0000081366 |
| 2016 | 2016-06-30 | $233,483,274 | $3,000,000 | KPMG LLP | 0 | — | 2016-06-CENSUS-0000081366 |
Which federal programs did this organization report?
From the most recent accepted report. "Major" is the designation the auditor made under 2 CFR 200.518, not ours.
| ALN | Program | Expended | Major |
|---|---|---|---|
| 84.268 | FEDERAL DIRECT STUDENT LOANS | $54,754,368 | Yes |
| 84.268 | FEDERAL DIRECT STUDENT LOANS | $41,541,337 | Yes |
| 93.866 | AGING RESEARCH | $40,899,441 | Yes |
| 93.279 | DRUG USE AND ADDICTION RESEARCH PROGRAMS | $11,388,066 | Yes |
| 47.084 | NSF TECHNOLOGY, INNOVATION, AND PARTNERSHIPS | $10,134,872 | Yes |
| 93.847 | DIABETES, DIGESTIVE, AND KIDNEY DISEASES EXTRAMURAL RESEARCH | $9,624,247 | Yes |
| 93.351 | RESEARCH INFRASTRUCTURE PROGRAMS | $8,785,434 | Yes |
| 93.837 | CARDIOVASCULAR DISEASES RESEARCH | $8,005,634 | Yes |
| 93.855 | ALLERGY AND INFECTIOUS DISEASES RESEARCH | $7,624,338 | Yes |
| 93.273 | ALCOHOL RESEARCH PROGRAMS | $7,034,326 | Yes |
| 93.RD | Lung Organ Tissue Equivalent Platform For Modeling Chlorine Gas Toxicology: | $6,821,804 | Yes |
| 12.420 | MILITARY MEDICAL RESEARCH AND DEVELOPMENT | $6,146,997 | Yes |
| 93.393 | CANCER CAUSE AND PREVENTION RESEARCH | $6,143,188 | Yes |
| 93.866 | AGING RESEARCH | $5,635,648 | Yes |
| 93.350 | NATIONAL CENTER FOR ADVANCING TRANSLATIONAL SCIENCES | $5,605,329 | Yes |
| 93.399 | CANCER CONTROL | $4,848,792 | Yes |
| 14.251 | ECONOMIC DEVELOPMENT INITIATIVE, COMMUNITY PROJECT FUNDING, AND MISCELLANEOUS GRANTS | $4,636,597 | Yes |
| 93.867 | VISION RESEARCH | $4,546,031 | Yes |
| 84.063 | FEDERAL PELL GRANT PROGRAM | $4,140,766 | Yes |
| 93.846 | ARTHRITIS, MUSCULOSKELETAL AND SKIN DISEASES RESEARCH | $4,048,355 | Yes |
| 93.853 | EXTRAMURAL RESEARCH PROGRAMS IN THE NEUROSCIENCES AND NEUROLOGICAL DISORDERS | $4,028,377 | Yes |
| 84.038 | FEDERAL PERKINS LOAN PROGRAM_FEDERAL CAPITAL CONTRIBUTIONS | $3,769,755 | Yes |
| 93.395 | CANCER TREATMENT RESEARCH | $3,274,380 | Yes |
| 93.121 | ORAL DISEASES AND DISORDERS RESEARCH | $2,926,136 | Yes |
| 93.397 | CANCER CENTERS SUPPORT GRANTS | $2,794,737 | Yes |
What findings did the auditor report?
The reference and the requirement letter are the ones the auditor used. The finding text itself is not reproduced here; the FAC report linked above carries it in full.
| Reference | Requirement | Severity | Repeat |
|---|---|---|---|
| 2025-002 | N | Significant deficiency | No |
Form 990 and IRS registration
Form 990 "accounting fees" (Part IX line 11c) cover all accounting services reported by the organization and are not the price of an audit engagement.
- Total revenue
- $843,176,173
- Total assets
- $2,983,355,494
- NTEE code
- B430
- Exempt under
- 501(c)(3)
- Ruling year
- 2001
- BMF release
- 2026-09-17
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How we computed this
Every row comes from the Federal Audit Clearinghouse record named beside it, one report per audit year, with a resubmission superseding the filing it replaces. The auditor is the one named on that filing — it is not a statement about who audits Wake Forest University now. Form 990 figures come from the IRS e-filed return named by its object id. This page exists because the organization filed at least two single audits, or one with a finding.
Cite this page
AuditRadar. “Wake Forest University Single Audits and Findings (NC).” https://getauditradar.com/single-audits/nc/wake-forest-university-560532138/. Data as of 2026-09-18.