What is the deadline for submission of the audit report(s)?
45 CFR 74.26(d) essentially incorporates the deadlines of OMB Circular A-133; i.e., Audits shall be completed and submitted within the earlier of 30 days after receipt of the auditor’s report or nine months after the end of the organization’s fiscal year. Note: The Federal Acquisition Regulation requires submission of final indirect cost (IDC) rate proposals within six months of the end of the awardee’s fiscal year. It would therefore appear beneficial for the awardee to have the required audits completed within six months to allow for their use in the preparation of the IDC proposals.
