Common use of Audit Findings Clause in Contracts

Audit Findings. As the State Administrative Authority (SAA), Ohio EMA takes seriously the responsibility of administering the grant funds we are entrusted with from DHS/FEMA. This guidance refers to the Super Circular (2 CFR Part 200) and the requirements therein. Subrecipients (regional fiscal agents) should refer to the Super Circular and ensure they are meeting all requirements set forth therein. In addition, all requirements set forth in this guidance are passed along to subrecipients (Regional Fiscal Agents). By signing the grant agreement, subrecipients (Regional Fiscal Agent) agree to be bound by all requirements set forth in this guidance, the grant agreement, and the Super Circular. As a result, any audit findings that occur with respect to improper procurement or from not abiding by the requirements set forth in this guidance will be the responsibility of the subrecipient (Regional Fiscal Agent). Ohio EMA will assume no financial responsibility for said audit findings, and if forced to pay on behalf of the subrecipient (Regional Fiscal Agent) will take all action necessary to recover those costs.