Common use of Audit Procedures Clause in Contracts

Audit Procedures. All subrecipients of federal funds must follow the Audit Requirements in the Uniform Administrative Requirements (2 C.F.R. Part 200, Subpart F), as applicable. Non-profit subrecipients that expend $750,000 or more during their fiscal year in federal awards must have a single or program-specific audit conducted for that year in accordance with the provisions of 2 C.F.R.

Appears in 4 contracts

Sources: Subaward Agreement, Subaward Agreement, Subaward Agreement