Section 75.508 - [Effective until 10/1/2025] Auditee responsibilitiesThe auditee must:
(a) Procure or otherwise arrange for the audit required by this part in accordance with § 75.509 , and ensure it is properly performed and submitted when due in accordance with § 75.512 .(b) Prepare appropriate financial statements, including the schedule of expenditures of Federal awards in accordance with § 75.510 .(c) Promptly follow up and take corrective action on audit findings, including preparation of a summary schedule of prior audit findings and a corrective action plan in accordance with § 75.511(b) and § 75.511(c) , respectively.(d) Provide the auditor with access to personnel, accounts, books, records, supporting documentation, and other information as needed for the auditor to perform the audit required by this part.