Grant Acquittal Audit | Government Grant Acquittals

Grant acquittal audits your funder will accept.

Many government and philanthropic grants require an independent audit of how the money was spent before the next instalment is released or the grant is closed. We audit your acquittal against the funding agreement and give you a report in the form your funder asks for.

Overview

What a grant acquittal audit covers.

A grant acquittal audit is an independent examination of how grant funds were spent, reported against the terms of the funding agreement. The funder uses it to confirm the money went where it was meant to go.

The exact requirement is set by the grant agreement, not by a single law, so the format and the standard vary by funder. Some want a full audit opinion, others want an agreed-upon procedures report on specific line items. We read your agreement first and scope the engagement to match what the funder will actually accept.

What's included.

Agreement review. We read the funding agreement so the engagement matches the exact wording of your reporting and audit clause.

Expenditure testing. We test that grant money was spent on eligible items, within the period, and in line with any budget or co-contribution conditions.

Acquittal statement audit. An audit opinion or an agreed-upon procedures report on your acquittal statement, whichever the funder requires.

Funder-ready format. The report set out the way your funder asks for it, so it is accepted first time without a back and forth.

How it works.

Send us the agreementWe read the grant agreement and confirm whether you need an audit opinion or an agreed-upon procedures report, and on what.

Test the spendWe test expenditure against eligible categories, the grant period and any co-contribution or budget conditions.

Report to the funder's formatWe issue the report in the exact form your funder requires, ready to submit.

Common questions.

What is a grant acquittal audit?

It is an independent check of how you spent grant money, reported against your funding agreement. Funders use it to confirm the money was used for the funded purpose before releasing more or closing the grant.

Do I need a full audit or agreed-upon procedures?

It depends entirely on what the funding agreement says. Some funders want a full audit opinion, others want specific procedures performed on named items. We read your agreement and tell you which one applies, so you do not pay for more than the funder requires.

How quickly can you turn around an acquittal?

Once we have your agreement and the expenditure records, most acquittals are completed quickly. Tell us your submission deadline and we will work to it.

Can you handle multiple grants at once?

Yes. If you hold several grants we can scope them together to keep the cost down while still reporting each one in its own required format.

Get a fixed-fee quote.

Tell us about the entity and the financial year, and we'll come back with a fixed-fee quote within one business day.