(two) The results of previous audits. This features contemplating whether or not the subrecipient gets a Single Audit in accordance with subpart File as well as extent to which precisely the same or very similar subawards are actually audited as An important application;
means an auditor that's a community accountant or simply a Federal, Point out, regional federal government, or Indian Tribe audit Firm that meets the final standards specified for external auditors in frequently recognized federal government auditing benchmarks (GAGAS). The time period auditor won't consist of inside auditors of nonprofit businesses.
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indicates People charges incurred for a typical or joint purpose benefitting multiple Charge goal and never quickly assignable to the cost goals particularly benefitted, with no work disproportionate to the final results achieved. It might be required to establish many pools of oblique expenditures to facilitate equitable distribution of oblique charges to the cost goals served.
(a) Voluntary fully commited Expense sharing is not really predicted beneath Federal research grants. The Federal company may well not use voluntary dedicated cost sharing as an element over the advantage critique of applications or proposals for Federal investigate grants Unless of course approved by Federal statutes or company laws and specified in the see of funding possibility.
(A) An oblique read more Price charge negotiated concerning the move-through entity and also the subrecipient. These charges could possibly be dependant on a prior negotiated charge concerning another move-through entity along with the subrecipient, where situation the move-by means of entity will not be necessary to acquire facts justifying the rate but may well elect to take action; or
It is far from often doable to specify the types of fees Which might be classified as oblique charges for nonprofit organizations because of the diversity in their accounting tactics. The Affiliation of a price that has a Federal award is the identifying factor in distinguishing immediate from indirect fees.
(a) This area provides principles to be utilized in setting up the allowability of particular things involved with determining Expense, Along with other requirements of this subpart. These principles utilize if a selected cost item is adequately dealt with to be a immediate or indirect Price.
Studies and findings from audits done below subpart File or maybe the studies and conclusions of some other accessible audits, if applicable; and
(i) In numerous partial payments. The level of Every payment in addition to the “milestone” or party triggering the payment, ought to be agreed to ahead of time and included in the Federal award;
(two) The procurement is anticipated to exceed the simplified acquisition threshold and it is to become awarded without Competitiveness, or just one bid is anticipated to be been given in response into a solicitation;
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means the Federal agency designated to execute the tasks described in § 200.513(a). The cognizant company for audit is just not automatically the same as the cognizant agency for oblique expenses.
(3) The disposal of scrap or surplus components acquired in the performance of a Federal award except when the receiver or subrecipient is reimbursed for disposal expenditures at a predetermined sum; or