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What is the audit requirement for the lead or prime organization submitting an application?

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What is the audit requirement for the lead or prime organization submitting an application?

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If the applicant is a U.S.-based, non-profit organization, the applicant’s most recent single audit, as submitted to the Federal Audit Clearinghouse, must accompany the application as an attachment. In addition, the single audit provided with the application must comply with the report submission timeframes established in OMB Circular A-133. If the applicant is not in compliance with the requirements for completing their single audit, the application will be considered non-responsive and will not be considered for funding. If the applicant is a for-profit or foreign-based organization, a copy of its most current independent financial audit must accompany the application as an attachment. If the audit submitted by the applicant reflects any adverse opinions, the application will not be further considered by the technical review panel and will not be considered for funding.

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