Section 96.12 - Audit requirements(a) Organizations covered by this subpart are responsible for arranging for independent audits that meet the requirements of this section.(b) The audit requirements contained in 29 CFR part 99 shall be followed for audits of all fiscal years beginning after June 30, 1996.(c) Except as provided in paragraph (d) of this section, the audit requirements applicable to earlier fiscal years under regulations and award conditions in force when the awards were made shall continue in force.(d) The Secretary or his/her designee may provide written notice to recipients/subrecipients subject to paragraph (c) of this section directing them to follow the requirements of 29 CFR 99.320 , which provides for submission of audit data collection forms and reporting packages to a Federal clearinghouse designated by OMB.