Common use of Single Audit Requirements Clause in Contracts

Single Audit Requirements. To the extent applicable to Grantee’s reimbursement under this Grant, Grantees that are reimbursed $750,000.00 or more of federal funds during their fiscal year are required to submit an organization- wide financial and compliance audit report. The audit must be performed in accordance with the Government Accountability Office's Government Auditing Standards, which may be accessed online at ▇▇▇▇://▇▇▇.▇▇▇.▇▇▇/govaud/ybkOl.htm, and in accordance with 2 C.F.R. § 200.514 Scope of Audit. Audit reports are currently due to the Federal Audit Clearinghouse no later than nine months after the end of the recipient's fiscal year. In addition, Grantee must submit the audit report to the State, by sending a copy to the Georgia Department of Audits and Accounts, ▇▇▇ ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇, ▇▇▇▇ ▇-▇▇▇, ▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇-▇▇▇▇. If required to submit an audit report under the requirements of 2 C.F.R. § 200(f), the Grantee shall provide OPB with written documentation showing that it has complied with the single audit requirements. The Grantee shall immediately notify OPB in writing at any time that it is required to conduct a single audit and provide documentation within a reasonable time period showing compliance with the single audit requirement.

Single Audit Requirements. To the extent applicable to Grantee▇▇▇▇▇▇▇’s reimbursement under this Grant▇▇▇▇▇, Grantees that are reimbursed $750,000.00 or more of federal funds during their fiscal year are required to submit an organization- organization-wide financial and compliance audit report. The audit must be performed in accordance with the Government Accountability Office's Government Auditing Standards, which may be accessed online at ▇▇▇▇://▇▇▇.▇▇▇.▇▇▇/govaud/ybkOl.htm, and in accordance with 2 C.F.R. § 200.514 Scope of Audit. Audit reports are currently due to the Federal Audit Clearinghouse no later than nine months after the end of the recipient's Grantee’s fiscal year. In addition, Grantee must submit the audit report to the State, by sending a copy to the Georgia Department of Audits and Accounts, ▇▇▇ ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇, ▇▇▇▇ ▇-▇▇▇, ▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇ ▇▇▇▇▇-▇▇▇▇. If required to submit an audit report under the requirements of 2 C.F.R. § 200(f), the Grantee shall provide OPB with written documentation showing that it has complied with the single audit requirements. The Grantee shall immediately notify OPB in writing at any time that it is required to conduct a single audit and provide documentation within a reasonable time period showing compliance with the single audit requirement.