Common use of Costs of Audits Clause in Contracts

Costs of Audits. That audit costs for Project administration and management are allowable as authorized by Federal Cost Principles in: (a) U.S. OMB, “Cost Principles for State, Local, and Indian Tribal Governments (OMB Circular A-87),” 2 C.F.R. Part 225, (b) U.S. OMB, “Cost Principles for Educational Institutions (OMB Circular A-21),” 2 C.F.R. Part 220, (c) U.S. OMB, “Cost Principles for Non-profit Organizations (OMB Circular A-122), 2 C.F.R. Part 230, or

Costs of Audits. That audit Audit costs for Project administration and management are allowable as authorized by Federal Cost Principles in: (a) U.S. OMB, “Cost Principles for State, Local, and Indian Tribal Governments (U.S. OMB Circular A-87),” 2 C.F.R. Part part 225, (b) U.S. OMB, “Cost Principles for Educational Institutions (U.S. OMB Circular A-21),” 2 C.F.R. Part part 220, (c) U.S. OMB, “Cost Principles for Non-profit Organizations (U.S. OMB Circular A-122), 2 C.F.R. Part part 230, or (d) The FAR, specifically 31 C.F.R. chapter 1, subpart 31.2,