Oversight agency for audit definition

Oversight agency for audit means the federal awarding
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Oversight agency for audit means the federal awarding agency that provides the predominant amount of funding directly to a non-federal entity not assigned a cognizant agency for audit. When there is no direct funding, the awarding agency that is the predominant source of pass-through funding must assume the oversight responsibilities. The duties of the oversight agency for audit and the process for any reassignments are described in 2 CFR 200.513(b).
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Oversight agency for audit. , for federally-funded awards, means the federal awarding agency that provides the predominant amount of funding directly to an awardee not assigned a cognizant agency for audit. When there is no direct funding, the awarding agency that is the predominant source of pass-through funding must assume the oversight responsibilities. The duties of the oversight agency for audit and the process for any reassignments are described in UR section 200.513(b). For State-funded awards, "oversight agency for audit" is the State Cognizant Agency.
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Examples of Oversight agency for audit in a sentence

  • An auditee who does not have a designated cognizant agency for audit will be under the general oversight of the Federal agency determined in accordance with § 75.2 Oversight agency for audit.


More Definitions of Oversight agency for audit

Oversight agency for audit means the federal agency designated to carry out the responsibilities described in Uniform Guidance.
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Oversight agency for audit means the Federal awarding agency that provides the predominant amount of direct funding to a recipient not assigned a cognizant agency for audit. When there is no direct funding, the Federal agency with the predominant indirect funding shall assume the oversight responsibilities. The duties of the oversight agency for audit are described in § .400(b). Effective July 28, 2003, the following is added to this definition: A Federal agency with oversight for an auditee may reassign oversight to another Federal agency which provides substantial funding and agrees to be the oversight agency for audit. Within 30 days after any reassignment, both the old and the new oversight agency for audit shall notify the auditee, and, if known, the auditor of the reassignment." Pass-through entity means a non-Federal entity that provides a Federal award to a subrecipient to carry out a Federal program.
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Oversight agency for audit means the federal awarding agency that provides the predominant amount of funding directly to an awardee not assigned a cognizant agency for audit. When there is no direct funding, the awarding agency
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Related to Oversight agency for audit

  • Corporation’s Auditors means a firm of chartered accountants duly appointed as auditors of the Corporation;

  • Company’s Auditors means an independent firm of accountants duly appointed as auditors of the Company;

  • Accountant General means the officer of the National Treasury designated as the Accountant- General;

  • Public agency means the state or any local subdivision thereof, or any state or local department, agency, board or commission.

  • Lead planning agency means one or more public entities having stormwater management planning authority designated by the regional stormwater management planning committee pursuant to N.J.A.C. 7:8-3.2, that serves as the primary representative of the committee.

  • Sponsoring agency means a child welfare agency licensed to place children in group homes, a county agency speci- fied in s. 48.56 (1), Stats., or the department; which enters into a written contract with the licensee.

  • Auditor means the person for the time being performing the duties of auditor of the Company (if any).

  • Host agency means a public agency, private nonprofit organization, or private sector employer, other than a political party, exempt from taxation under Section 501(c)(3) of the Internal Revenue Code, which provides a training site and supervision for a participant.

  • OPSI Advisory Committee means the committee established under Tariff, Attachment M, section III.G.

  • Statutory Auditor means the auditor of a Company appointed under the provisions of the Companies Act, 1956 or under the provisions of any other applicable governing law;

  • Independent educational evaluation means an evaluation conducted by a qualified examiner who is not employed by the public agency responsible for the education of the child in question.

  • Audit means the examination of a person or the inspection of the books, records, memoranda, or accounts of a person, ordered to appear before the Tax Administrator, for the purpose of determining liability for a municipal income tax.

  • Audit Committee Financial Expert means a person who has the following attributes:

  • Cooperating agency means any Federal agency other than a lead agency which has jurisdiction by law or special expertise with respect to any environmental impact involved in a proposal (or a reasonable alternative) for legislation or other major Federal action significantly affecting the quality of the human environment. The selection and responsibilities of a cooperating agency are described in Sec. 1501.6. A State or local agency of similar qualifications or, when the effects are on a reservation, an Indian Tribe, may by agreement with the lead agency become a cooperating agency.

  • Technical Advisory Committee means the external committee to be established and appointed by the Steering Committee to provide technical input for decisions to be taken by the Steering Committee; and

  • Maintenance Supervisor (Tradesperson) means an employee who has trade qualifications and has overall responsibility for maintenance at the place of employment and may be required to supervise other maintenance staff.

  • Accountants’ Report means the report of a firm of nationally recognized Independent Accountants described in Section 4.11.

  • Claimant agency means any administrative unit of state, county, city or town government,

  • Audit Committee means the audit committee of the board of directors of the Company established pursuant to the Articles, or any successor committee.