General Audit Requirements. A Grantee that is:
General Audit Requirements. The CONTRACTOR agrees to obtain any other audits required by WSDOT at CONTRACTOR’s expense. Project closeout will not alter the CONTRACTOR’s audit responsibilities.
General Audit Requirements. The CONTRACTOR agrees to perform the financial and compliance audits required by the Single Audit Act Amendments of 1996, 31 U.S.C. §§ 7501 et seq. As provided by 49 CFR § 18.26 or 19.26, whichever is applicable, these audits must comply with OMB Circular A-133, Revised, “Audits of States, Local Governments, and Non-Profit Organizations,” and the latest applicable OMB A-133 Compliance Supplement provisions for the U.S. DOT, and any further revision or supplement thereto. The CONTRACTOR agrees that audits will be carried out in accordance with U.S. General Accounting Office “Government Auditing Standards”. The CONTRACTOR agrees to obtain any other audits required by the Federal Government or WSDOT. Project closeout will not alter the CONTRACTOR’s audit responsibilities.
General Audit Requirements a) Nonprofits with federal expenditures of $750,000 or more: Subawardee certifies that it complies with the requirements of OMB Uniform Guidance 2 CFR Part 200 Subpart F and will notify Foundation of completion of necessary audits and report any findings and corrective actions which impact this subcontract. Non-compliance may result in appropriate sanctions including but not limited to those referenced in 2 CFR Part 200, Section 505.
