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Common use of Audit Resolution Process Clause in Contracts

Audit Resolution Process. An audit of the award may result in the disallowance of costs incurred by the recipient and the establishment of a debt (account receivable) due DOC. For this reason, the recipient should take seriously its responsibility to respond to all audit findings and recommendations with adequate explanations and supporting evidence whenever audit results are disputed.

Appears in 3 contracts

Samples: Subrecipient Agreement, Cooperative Agreement, Cooperative Agreement

Audit Resolution Process. An audit of the award may result in the disallowance of costs incurred by the recipient and the establishment of a debt (account receivable) due to DOC. For this reason, the recipient should take seriously its responsibility to respond to all audit findings and recommendations with adequate explanations and supporting evidence whenever audit results are disputed.

Appears in 1 contract

Samples: Financial Assistance Subaward Agreement