Common use of Audit Costs Clause in Contracts

Audit Costs. Audit costs for audits not required in accordance with 2 CFR Part 200, subpart F are unallowable. If Subrecipient did not expend $750,000 or more in federal funds in its fiscal year, but contracted with a certified public accountant to perform an audit, costs for performance of that audit shall not be charged to this Subaward.

Audit Costs. Audit costs for audits not required in accordance with 2 CFR Part 200, subpart F Subpart F, are unallowable. If Subrecipient Subgrantee did not expend $750,000 or more in federal Federal funds in its fiscal year, but contracted with a certified public accountant to perform an audit, costs for performance of that audit shall are not Eligible Costs and may not be charged to this SubawardGrant Funds.