Code of Federal Regulations · Section

§ 37.1325 — Periodic Audit

32 C.F.R. § 37.1325

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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).

32 C.F.R. § 37.1320 32 C.F.R. § 37.1330

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