Questioned cost definition

Questioned cost means a cost that is questioned by the auditor because of an audit finding:
Sample 1Sample 2Sample 3
Questioned cost means a cost that a recipient has charged to Corporation funds which Corporation management, the Office of Inspector General, the General Accounting Office, or an inde- pendent auditor or other audit organi- zation authorized to conduct an audit of a recipient has questioned because of an audit or other finding that:
Sample 1Sample 2Sample 3
Questioned cost means a cost that LSC has questioned because of an audit or other finding that:
Sample 1Sample 2Sample 3

Examples of Questioned cost in a sentence

  • Questioned cost as per auditor’s opinion was cost of financial software, which had not been used.

  • Questioned cost are outlays that are (1) contrary to a provision of a law, regulation, agreement, or other documents governing the expenditures of funds; or (2) not supported by adequate documentation.

  • Questioned cost means a cost that is questioned by the auditor because of an audit finding 1) that resulted from a violation or possible violation of a statute, regulation, or the terms and conditions of a Federal award, including for funds used to match Federal funds; 2) where the costs, at the time of the audit, are not supported by adequate documentation; or 3) where the costs incurred appear unreasonable and donot reflect the actions a prudent person would take in the circumstances.

  • Questioned cost means a cost that is questioned by the auditor because of an audit finding 1) that resulted from a violation or possible violation of a statute, regulation, or the terms and conditions of a Federal award, including for funds used to match Federal funds; 2) where the costs, at the time of the audit, are not supported by adequate documentation; or 3) where the costs incurred appear unreasonable and do not reflect the actions a prudent person would take in the circumstances.

  • The issues and comments raised by the Planning Committee were as follows: Design & Massing Mixed reaction to the design - some thought it 'too brutal' and preferred the previous design as 'unusual and interesting'; Disappointment that design reverted to a 'brick box' - does nothing to enhance and improve the character of the area; Good quality design important facing the conservation area; Questioned cost grounds and impact on design.

  • Questioned cost means a cost that is questioned by the auditor because of an audit finding 1) that resulted from a violation or possible violation of a statute, regulation, or the terms and conditions of a Federal award, including for fundsused to match Federal funds; 2) where the costs, at the time of the audit, are not supported by adequate documentation; or 3) where the costs incurred appear unreasonable and do not reflect the actions a prudent person would take in the circumstances.

  • Amend § 2900.3 by revising the introductory text to read as follows:§ 2900.3 Questioned cost.In the DOL, in addition to the guidance contained in 2 CFR 200.84, a Questioned cost means a cost that is questioned by an auditor, Federal Project Officer, Grant Officer, or other authorized Awarding agency representative because of an audit or monitoring finding:* * * * *■ 4.

  • Questioned cost of bond verses preliminary cost listed in spreadsheet.

  • Questioned cost amounts associated with each finding overlap in some cases, and are all included in the $3.9 million total identified under the first finding.

  • Questioned cost does not include audited costs which are questioned only because total incurred costs exceed the limit established in a contract or financial assistance agreement.


More Definitions of Questioned cost

Questioned cost means a cost that is questioned by the independent auditor because of an audit finding: (1) Which resulted from a violation or possible violation of a provision of law, regulation, contract, grant, or other agreement or document governing the use of State financial assistance, including funds used to match state financial assistance; (2) Where the costs, at the time of the audit, are not supported by adequate documentation; or (3) Where the costs incurred appear unreasonable, unrelated, or do not reflect the actions a prudent person would take in the circumstances; and
Sample 1Sample 2Sample 3
Questioned cost means a cost that a recipient has charged to Corporation funds which Corporation management, the Office of Inspector General, theGeneral Accounting Office, or anindependent auditor or other auditorganization authorized to conduct an audit of a recipient has questionedbecause of an audit or other finding that:
Sample 1Sample 2
Questioned cost means a cost that is questioned by OIG because of (1) an alleged violation of a provision of a law, regulation, contract, grant, cooperative agreement, or other agreement or document governing the expenditure of funds; (2) a finding that at the time of the audit, such cost is not supported by adequate documentation; or (3) a finding that the expenditure of funds for the intended purpose is unnecessary or unreasonable.
Sample 1
Questioned cost means a cost that is questioned by an auditor because of an audit finding: (1) Which resulted from a violation or possible violation of a provision of a law, regulation, contract, grant, cooperative agreement, or other agreement or document governing the use of federal funds, including funds used to match federal funds; (2) Where the costs, at the time of the audit, are not supported by adequate documentation; or (3) Where the costs incurred appear unreasonable and do not reflect the actions a prudent person would take in the circumstances.
Sample 1
Questioned cost means a cost that is unallowable because of:
Sample 1

Related to Questioned cost

  • Sanctioned Entity means (a) a country or a government of a country, (b) an agency of the government of a country, (c) an organization directly or indirectly controlled by a country or its government, (d) a Person resident in or determined to be resident in a country, in each case, that is subject to a country sanctions program administered and enforced by OFAC.

  • Sanctioned Country means, at any time, a country, region or territory which is itself the subject or target of any comprehensive Sanctions (at the time of this Agreement, Crimea, Cuba, Iran, North Korea, Sudan and Syria).

  • Sanctioned Person means, at any time, (a) any Person listed in any Sanctions-related list of designated Persons maintained by the Office of Foreign Assets Control of the U.S. Department of the Treasury, the U.S. Department of State, or by the United Nations Security Council, the European Union or any European Union member state, (b) any Person operating, organized or resident in a Sanctioned Country or (c) any Person owned or controlled by any such Person or Persons described in the foregoing clauses (a) or (b).

  • Sanctioned Jurisdiction means, at any time, a country, territory or geographical region that is subject to, the target of, or purported to be subject to, Sanctions Laws.

  • Indigent person means a person whose household income does not exceed the minimum household income as predetermined by the council;

  • Improper influence means any influence that induces or tends to induce a PHA/IHA employee or officer to give consideration or to act regarding a PHA/IHA contract on any basis other than the merits of the matter.

  • Interested Party means a person:

  • Relevant Governmental Body means the Board of Governors of the Federal Reserve System or the Federal Reserve Bank of New York, or a committee officially endorsed or convened by the Board of Governors of the Federal Reserve System or the Federal Reserve Bank of New York, or any successor thereto.