34 C.F.R. § 74.26 Non-Federal audits.
Title 34 - Education
(a) Recipients and subrecipients that are institutions of higher education or other non-profit organizations (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.” (b) State and local governments 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.” (c) For-profit hospitals not covered by the audit provisions of revised OMB Circular A–133 shall be subject to the audit requirements of the Federal awarding agencies. (d) Commercial organizations are subject to the audit requirements established by the Secretary or the prime recipient as incorporated into the award document. (Authority: 20 U.S.C. 1221e–3, 3474; OMB Circular A–110) [59 FR 34724, July 6, 1994, as amended at 62 FR 45939, 45943, Aug. 29, 1997]
Title 34: Education
PART 74—ADMINISTRATION OF GRANTS AND AGREEMENTS WITH INSTITUTIONS OF HIGHER EDUCATION, HOSPITALS, AND OTHER NON-PROFIT ORGANIZATIONS
Subpart C—Post-Award Requirements
Financial and Program Management
§ 74.26 Non-Federal audits.
