Agency audit requirements can differ. However, if your company spends over $750,000 of federal grant funding in a given year from the DOE, your company may need an audit of compliance and internal control over compliance for that year.
These audits are typically due within nine months of the company’s accounting year end. It’ll be your responsibility to engage an auditor. The DOE has posted a compliance matrix on several programs for the auditor to follow. If you haven’t submitted an audit by the deadline, the DOE will be following up with you and expect you to submit the audit, even if after the deadline.