25 CFR 1000.2035
§ 1000.2035 Is there an exemption available for the requirement to submit Single Audit Act reports?
United States · 25 CFR — Indians · Status: effective
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- Citation
- 25 CFR 1000.2035, § 1000.2035 Is there an exemption available for the requirement to submit Single Audit Act reports?, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/108484
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Full text
Yes. In accordance with 2 CFR 200.501(d), a non-Federal entity that expends less than the amount as published by OMB during the entity's fiscal year in Federal awards is exempt from submitting an annual single audit report for that year.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.