Source: https://www.law.cornell.edu/cfr/text/24/84.26
Timestamp: 2015-04-27 22:54:56
Document Index: 136570303

Matched Legal Cases: ['art 84', '§ 84', 'art 200', 'art 800', 'art 84', 'art 200', 'art 800']

24 CFR 84.26 - Non-Federal audits. | LII / Legal Information Institute
CFR › Title 24 › Subtitle A › Part 84 › Subpart C › Section 84.26 24 CFR 84.26 - Non-Federal audits.
§ 84.26
Recipients and subrecipients that are institutions of higher education or other non-profit organization (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.”
Non-profit organizations subject to regulations in the part 200 and part 800 series of this title which receive awards subject to part 84 shall comply with the audit requirements of revised OMB Circular A-133, “Audits of States, Local Governments, and Non-Profit Organizations.” For HUD programs, a non-profit organization is the mortgagor or owner (as these terms are defined in the regulations in the part 200 and part 800 series) and not a related or affiliated organization or entity.
Commercial organizations shall be subject to the audit requirements of HUD or the prime recipient as incorporated into the award document.
[59 FR 47011, Sept. 13, 1994, as amended at 62 FR 61617, Nov. 18, 1997]