In UG 200, which section explicitly outlines audit requirements?

The section that explicitly outlines audit requirements in UG 200 is B, which is UG 200.300. This section establishes the standard for audits of federal awards, including specifying who must undergo a single audit. It also details the threshold for which entities are required to have audits and the expectations related to audit compliance.

UG 200.300 emphasizes the importance of ensuring that entities manage their federal funds responsibly and that proper financial oversight is maintained. It provides clarity on when audits are necessary, the frequency of audits, and the acceptable standards and practices that must be followed during the audit process. This is crucial for maintaining accountability and transparency in the use of federal funds, facilitating compliance with federal regulations, and fostering trust in the funding process.

Understanding the audit requirements set forth in this section helps grant management professionals ensure that their organizations adhere to necessary financial practices and can effectively respond to audit findings.