32 C.F.R. § 37.1325 Periodic audit.
Title 32 - National Defense
An audit of a participant, performed at an agreed-upon time (usually a regular time interval), to determine whether the participant as a whole is managing its Federal awards in compliance with the terms of those awards. Appendix C to this part describes what such an audit may cover. A periodic audit of a participant differs from an award-specific audit of an individual award (as defined in §37.1235).
Title 32: National Defense
PART 37—TECHNOLOGY INVESTMENT AGREEMENTS
Subpart J—Definitions of Terms Used in This Part
§ 37.1325 Periodic audit.
