Code of Federal Regulations (Last Updated: November 8, 2024) |
Title 2 - Grants and Agreements |
Subtitle B - Federal Agency Regulations for Grants and Agreements |
Chapter XI - Department of Defense |
SubChapter D - Administrative Requirements Terms and Conditions for Cost-Type Grants and Cooperative Agreements to Nonprofit and Governmental Entities |
Part 1128 - Recipient Financial and Program Management: General Award Terms and Conditions |
Subpart E - Non-Federal Audits (FMS Article V) |
§ 1128.500 - Purpose of FMS Article V.
Latest version.
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§ 1128.500 Purpose of FMS Article V.
FMS Article V of the general terms and conditions specifies requirements related to audits required under the Single Audit Act, as amended (31 U.S.C., chapter 75). The article thereby implements for grants and cooperative agreements the OMB guidance in Subpart F of 2 CFR part 200.