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

  • Oversight agency for audit means the Federal awarding agency that provides the predominant amount of funding di- rectly to a non-Federal entity not as- signed a cognizant agency for audit.

  • 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.

  • 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.

  • 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 § 200.73 Oversight agency for audit.

  • 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 §200.73 Oversight agency for audit.

  • An auditee who does not have a designated cognizant agency for audit will be under the general over- sight of the Federal agency determined in accordance with § 200.73 Oversight agency for audit.

  • For biennial audits permitted under § 3052.220, consider auditee re- quests to qualify as a low-risk auditee under § 3052.530(a).(b) Oversight agency for audit respon- sibilities.

  • Project NumberTemporary Project NumberDate CreatedProject DescriptionProvide comprehensive program administration to 5311 sub-grantees for Program of Projects in rural areas across the State of New Mexico.

  • For biennial audits permitted under § 41.220, consider auditee requests to qualify as a low-risk auditee under§ 41.530(a).(b) Oversight agency for audit respon- sibilities.

  • Oversight agency for audit means the Federal awarding agency that provides the predominant amount of funding directly (direct funding) (as listed on the schedule of expenditures of Federal awards, see § 200.510(b)) to a non-Federal entity unless OMB designates a specific cognizantagency 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

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

  • 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).

  • 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;

  • 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.

  • Architectural Control Committee means and refer to that committee constituted under Article 4 hereof for the review of Development Plans (as hereinafter defined) and other functions.

  • Technical Advisory Committee means a committee established under section 12;

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