CFR 2-910.520-2014 Grants and agreements. Part910:Uniform administrative requirements, cost principles, and audit requirements for federal awards. SubpartF:Audit requirements for forprofit entities. Section910.520:Criteria for a low-risk auditee.
(a) An auditee that meets all of the following conditions for each of the preceding two audit periods may qualify as a low-risk auditee and be eligible for reduced audit coverage. Compliance audits were performed on an annual basis in accordance with the provisions of this Subpart, including submitting the data collection form to DOE within the timeframe specified in §910.512 Report submission. A for-profit entity that has biennial audits does not qualify as a low-risk auditee.
CFR 2-910.520-2014 history
2014CFR 2-910.520-2014 Grants and agreements. Part910:Uniform administrative requirements, cost principles, and audit requirements for federal awards. SubpartF:Audit requirements for forprofit entities. Section910.520:Criteria for a low-risk auditee.