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Current as of January 02, 2025 | Updated by Findlaw Staff
FMS Article V of the general terms and conditions specifies requirements related to audits required under the Single Audit Act, as amended (31 U.S.C., chapter 75). The article thereby implements for grants and cooperative agreements the OMB guidance in Subpart F of 2 CFR part 200.
Cite this article: FindLaw.com - Code of Federal Regulations Title 2. Grants and Agreements § 2.1128.500 Purpose of FMS Article V - last updated January 02, 2025 | https://codes.findlaw.com/cfr/title-2-grants-and-agreements/cfr-sect-2-1128-500/
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