Audit requirements.

CFR · 2024-01-01 · US · Title 7

A recipient of financial assistance shall provide RUS with an audit for each year, beginning with the year in which a portion of the financial assistance is expended, in accordance with the following: (a) If the awardee is a for-profit entity, an electric or telecommunications cooperative, or any other entity not (b) If the awardee is a non-Federal entity, as defined in 2 CFR 200.1, the awardee shall provide an audit in accordance with subpart F of 2 CFR part 200. (c) Grant awardees shall comply with 2 CFR part 200, and rules on the disposition of grant assets in part 200 shall be applied regardless of the type of legal organization of the grantee.

official document · source cfr-2024 · id 7:§ 1734.8