[Code of Federal Regulations]

[Title 34, Volume 1]

[Revised as of July 1, 2006]

From the U.S. Government Printing Office via GPO Access

[CITE: 34CFR74.26]



[Page 114]

 

                           TITLE 34--EDUCATION

 

PART 74_ADMINISTRATION OF GRANTS AND AGREEMENTS WITH INSTITUTIONS OF 

HIGHER EDUCATION, HOSPITALS, AND OTHER NON-PROFIT ORGANIZATIONS--Table 

of Contents

 

                    Subpart C_Post-Award Requirements

 

Sec.  74.26  Non-Federal audits.



    (a) Recipients and subrecipients that are institutions of higher 

education or other non-profit organizations (including hospitals) shall 

be subject to the audit requirements contained in the Single Audit Act 

Amendments of 1996 (31 U.S.C. 7501-7507) and revised OMB Circular A-133, 

``Audits of States, Local Governments, and Non-Profit Organizations.''

    (b) State and local governments shall be subject to the audit 

requirements contained in the Single Audit Act Amendments of 1996 (31 

U.S.C. 7501-7507) and revised OMB Circular A-133, ``Audits of States, 

Local Governments, and Non-Profit Organizations.''

    (c) For-profit hospitals not covered by the audit provisions of 

revised OMB Circular A-133 shall be subject to the audit requirements of 

the Federal awarding agencies.

    (d) Commercial organizations are subject to the audit requirements 

established by the Secretary or the prime recipient as incorporated into 

the award document.



(Authority: 20 U.S.C. 1221e-3, 3474; OMB Circular A-110)



[59 FR 34724, July 6, 1994, as amended at 62 FR 45939, 45943, Aug. 29, 

1997]