29 C.F.R. § 96.54 Responsibility for subrecipient audits.
Title 29 - Labor
Recipients of Federal assistance from DOL are responsible for ensuring that subrecipient organizations who expend $300,000 or more in a fiscal year are audited and that any audit findings are resolved in accordance with this part. The recipient shall: (a) Determine whether appropriate audit requirements outlined in subpart A have been met; (b) Determine whether the subrecipient spent Federal assistance funds provided in accordance with applicable laws and regulations; (c) Ensure that appropriate corrective action is taken within six months after receipt of the audit report in instances of non-compliance with Federal law and regulations; (d) Consider whether subrecipient audits necessitate adjustment of the recipient's own records; and (e) Require that each subrecipient permit independent auditors to have access to the records and financial statements necessary to comply with this part.
Title 29: Labor
PART 96—AUDIT REQUIREMENTS FOR GRANTS, CONTRACTS, AND OTHER AGREEMENTS
Subpart E—Audit Resolution
§ 96.54 Responsibility for subrecipient audits.