For-Profit” Entities. A for-profit entity that expends $750,000 or more in Federal funds during its fiscal year is required to have a program-specific audit conducted in accordance with 2 CFR 200.507. A for-profit entity with expenditures less than $750,000 shall follow the applicable standard outlined in sections (B) or (C) above.
Appears in 7 contracts
Samples: Financial Agreement, Financial Agreement, Program Financial Agreement
