§ 200.508. Auditee responsibilities.
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/us/cfr/t2/s§ 200.508·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The auditee must:
(a)Arrange for the audit required by this part in accordance with § 200.509, and ensure it is properly performed and submitted in accordance with § 200.512.
(b)Prepare financial statements, including the schedule of expenditures of Federal awards in accordance with § 200.510.
(c)Promptly follow up and take corrective action on audit findings. This includes preparing a summary schedule of prior audit findings and a corrective action plan in accordance with § 200.511(b) and (c), respectively.
(d)Provide the auditor access to personnel, accounts, books, records, supporting documentation, and any other information needed for the auditor to perform the audit required by this part.
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§ 200.508
Auditee responsibilities.
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