2 C.F.R. § 200.508

Current through November 30, 2024
Section 200.508 - Auditee responsibilities

The auditee must:

(a) Arrange for the audit required by this part in accordance with § 200.509 , and ensure it is properly performed and submitted in accordance with § 200.512 .
(b) Prepare financial statements, including the schedule of expenditures of Federal awards in accordance with § 200.510 .
(c) Promptly follow up and take corrective action on audit findings. This includes preparing a summary schedule of prior audit findings and a corrective action plan in accordance with § 200.511(b) and (c) , respectively.
(d) Provide the auditor access to personnel, accounts, books, records, supporting documentation, and any other information needed for the auditor to perform the audit required by this part.

2 C.F.R. §200.508

85 FR 49572 , 11/12/2020; 89 FR 30136 , 10/1/2024