Oversight agency for audit definition

Oversight agency for audit means the federal awarding
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Oversight agency for audit means the federal awarding agency that provides the predominant amount of funding directly to a non-federal entity not assigned a cognizant agency for audit. When there is no direct funding, the awarding agency that is the predominant source of pass-through funding must assume the oversight responsibilities. The duties of the oversight agency for audit and the process for any reassignments are described in 2 CFR 200.513(b).
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Oversight agency for audit. , for federally-funded awards, means the federal awarding agency that provides the predominant amount of funding directly to an awardee not assigned a cognizant agency for audit. When there is no direct funding, the awarding agency that is the predominant source of pass-through funding must assume the oversight responsibilities. The duties of the oversight agency for audit and the process for any reassignments are described in UR section 200.513(b). For State-funded awards, "oversight agency for audit" is the State Cognizant Agency.
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Examples of Oversight agency for audit in a sentence

  • Oversight agency for audit means the Federal awarding agency that provides the predominant amount of funding di- rectly to a non-Federal entity not as- signed a cognizant agency for audit.

  • Oversight agency for audit means the Federal awarding agency that provides the predominant amount of funding directly to a non-Federal entity not assigned a cognizant agency for audit.

  • Policy decisions are reflected in some definitions, including: §200.18, Cognizant agency for audit, §200.23, Contractor, §200.33, Equipment, §200.73, Oversight agency for audit, and §200.94, Supplies.

  • Every five years, beginning in 1995 for nonprofits and 2000 for states and local Governments, a determination is made regarding the predominance of direct funding.♦ Oversight agency for audit.

  • Oversight agency for audit is the federal awarding agency that provides the most funding to a non-federal entity not assigned a cognizant agency for audit.


More Definitions of Oversight agency for audit

Oversight agency for audit means the federal agency designated to carry out the responsibilities described in Uniform Guidance.
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Oversight agency for audit means the Federal awarding agency that provides the predominant amount of direct funding to a recipient not assigned a cognizant agency for audit. When there is no direct funding, the Federal agency with the predominant indirect funding shall assume the oversight responsibilities. The duties of the oversight agency for audit are described in § .400(b). A Federal agency with oversight for an auditee may reassign oversight to another Federal agency which provides substantial funding and agrees to be the oversight agency for audit. Within 30 days after any reassignment, both the old and the new oversight agency for audit shall notify the auditee, and, if known, the auditor of the reassignment."
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Oversight agency for audit means the federal awarding agency that provides the predominant amount of funding directly to an awardee not assigned a cognizant agency for audit. When there is no direct funding, the awarding agency
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Related to Oversight agency for audit

  • Corporation’s Auditors means such firm of chartered accountants as the Corporation may have appointed or may from time to time appoint as auditors of the Corporation;

  • Accountant General means the officer of the National Treasury designated as the Accountant- General;

  • District Evaluation Advisory Committee means a group created to oversee and guide the planning and implementation of the Board of Education's evaluation policies and procedures as set forth in N.J.A.C. 6A:10-2.3.

  • Public agency means the state or any local subdivision thereof, or any state or local department, agency, board or commission.

  • Auditor means the person for the time being performing the duties of auditor of the Company (if any).

  • Host agency means a public agency, private nonprofit organization, or private sector employer, other than a political party, exempt from taxation under Section 501(c)(3) of the Internal Revenue Code, which provides a training site and supervision for a participant.

  • Audit means the examination of a person or the inspection of the books, records, memoranda, or accounts of a person, ordered to appear before the Tax Administrator, for the purpose of determining liability for a municipal income tax.