Audit and Records. a. Financial records, supporting documents, statistical records and other records pertinent to this award must be retained by the awardee for a period of three years from award financial closeout as described in PAPPG Chapter VIII.E, except as noted in 2 CFR § 200.333. b. Awardees shall arrange for the conduct of audits as required by 2 CFR § 200 Subpart F. They shall provide copies of the reports of these audits to the Federal Audit Clearinghouse (see 2 CFR § 200.512(b)). Any Federal audit of this project deemed necessary by NSF shall build upon the results of such audit(s). c. All awards issued by NSF meet the definition of “Research and Development” (R&D) at 2 CFR § 200.87. As such, auditees should identify NSF awards as part of the R&D cluster on the Schedule of Expenditures of Federal Awards (SEFA). The auditor should test NSF awards for compliance as instructed in Part V, Clusters of Programs. NSF recognizes that some awards may have another classification for purposes of indirect costs. The auditor is not required to report the disconnect (i.e., the award is classified as R&D for audit purposes but non-research for indirect cost rate purposes), unless the auditee is charging indirect costs at a rate other than the rate(s) specified in the award document(s).
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Sources: Cooperative Agreement, Cooperative Agreement, Cooperative Agreement