Common use of Federal Audit Requirements Clause in Contracts

Federal Audit Requirements. Subrecipient agrees that if it expends an aggregate amount of seven hundred fifty thousand dollars ($750,000.00) or more in federal funds during its fiscal year, it must undergo an organization-wide financial and compliance single audit. Subrecipient agrees to comply with the audit requirements of the U.S. General Accounting Office Government Auditing Standards and Audit Requirements of 2 C.F.R. Part 200, Subpart F. If findings are made which cover any part of this Grant Agreement, Subrecipient shall provide one (1) copy of the audit report to Agency and require the release of the audit report by its auditor be held until adjusting entries are disclosed and made to Agency’s records.

Federal Audit Requirements. Subrecipient GRANTEE agrees that if it expends an aggregate amount of seven Seven hundred fifty thousand dollars ($750,000.00750,000) or more in federal funds during its fiscal year, it must undergo an organization-wide financial and compliance single audit. Subrecipient GRANTEE agrees to comply with the audit requirements of the U.S. General Accounting Office Government Auditing Standards and Audit Requirements of 2 C.F.R. Part 200OMB Circular A-133, Subpart F. Audits and States, Local Governments, and Non-Profit Organizations. If findings are made which cover any part of this Grant Agreementaward, Subrecipient GRANTEE shall provide one (1) copy of the audit report to Agency COUNTY and require the release of the audit report by its auditor to be held until adjusting entries are disclosed and made to Agency’s COUNTY records.

Federal Audit Requirements. Subrecipient Grantee agrees that if it expends an aggregate amount of seven hundred fifty thousand dollars ($750,000.00) or more in federal funds during its fiscal year, it must undergo an organization-wide financial and compliance single audit. Subrecipient Xxxxxxx agrees to comply with the audit requirements of the U.S. General Accounting Office Government Auditing Standards and Audit Requirements of 2 C.F.R. Part 200, Subpart F. If findings are made which cover any part of this Grant AgreementGrant, Subrecipient Grantee shall provide one (1) copy of the audit report to Agency and require the release of the audit report by its auditor be held until adjusting entries are disclosed and made to Agency’s records.

Federal Audit Requirements. Subrecipient agrees that if it expends an aggregate amount of seven hundred fifty thousand dollars ($750,000.00) or more in federal funds during its fiscal year, it must undergo an organization-wide financial and compliance single audit. Subrecipient agrees to comply with the audit requirements of the U.S. General Accounting Office Government Auditing Standards and Audit Requirements of 2 C.F.R. CFR Part 200, Subpart F. If findings are made which cover any part of this Grant AgreementContract, Subrecipient shall provide one (1) copy of the audit report to Agency and require the release of the audit report by its auditor be held until adjusting entries are disclosed and made to Agency’s records.