( iv ) A plan out-of results and requested charges for brand new Government program complete with a list of brand new auditor’s results prior to the latest Government program inside a format in line with § (d)(1) and you may findings and you will asked will cost you consistent with the criteria regarding § (d)(3).

( step 1 ) The review have to be accomplished in addition to revealing required by part (c)(2) otherwise (c)(3) of this section submitted inside the before out-of 29 diary weeks after receipt of your own auditor’s declaration(s), or 9 days following end of the audit period, except if another type of months try specified for the a course-particular review publication. Auditees and you will auditors need to ensure that its particular components of the fresh revealing bundle do not tend to be secure yourself recognizable information.

( dos ) When an application-particular audit publication exists, the newest auditee need digitally yield to the newest FAC the details collection function prepared relative to § (b), because relevant so you’re able to a course-particular audit, as well as the revealing required by the applying-specific review guide.

( step three ) When a course-certain review publication is not readily available, the fresh revealing bundle getting a program-particular audit need integrate this new financial record(s) of Government program, an overview plan out of early in the day review results, and you may a restorative action plan as discussed in the paragraph (b)(2) of this point, therefore the auditor’s declaration(s) www.carolinapaydayloans.org/cities/honea-path/ demonstrated in the section (b)(4) for the point. The data range setting prepared in accordance with § (b), as the relevant in order to an application-certain review, plus one copy regarding the revealing plan should be electronically filed to the FAC.

( nine ) Almost every other referenced terms for the region until against the provisions for the area, an application-specific review publication, otherwise system legislation and you may laws and regulations.

§ Auditee responsibilities.

( a beneficial ) Procure otherwise policy for this new audit required by that it region according to § , and make certain it’s properly did and you can submitted when owed inside the conformity which have § .

( c ) On time follow through and take corrective step toward audit results, also preparing off a summary agenda of previous audit findings and you may a restorative plan according to § (b) and (c), respectively.

( d ) Provide the auditor which have access to professionals, profile, guides, info, support documents, and other pointers as needed with the auditor to execute the newest review required by it part.

§ Auditor choices.

( a good ) Auditor procurement. From inside the procuring review characteristics, brand new auditee need certainly to follow the procurement requirements given by the Procurement Requirements into the §§ as a result of out-of subpart D in the region or the Far (48 CFR part 42), given that relevant. In requesting proposals for review attributes, the newest objectives and you can extent of one’s audit have to be made clear additionally the non-Government organization need request a duplicate of one’s review business’s peer remark declaration that auditor must offer lower than GAGAS. What to qualify during the researching for each suggestion to have audit functions through the responsiveness towards obtain proposition, relevant experience, availability of teams that have professional qualifications and you can tech overall performance, the outcome from fellow and external quality assurance studies, and you will speed. Whenever you can, this new auditee need certainly to build confident services to make use of smaller businesses, minority-had agencies, and you will women’s business enterprises, from inside the procuring review characteristics as mentioned into the § , or the Much (forty eight CFR region 42), once the relevant.

( b ) Maximum towards auditor preparing indirect pricing proposals. An auditor which prepares the latest secondary pricing suggestion or rates allotment plan may well not be also chose to do new audit necessary by this region in the event the secondary costs recovered by auditee from inside the early in the day season exceeded $1 million. Which limitation pertains to the beds base 12 months included in the brand new preparing of your own indirect pricing proposition otherwise cost allocation package and you may one subsequent ages the spot where the ensuing indirect prices arrangement or pricing allocation plan is employed to recover will set you back.