Code of Federal Regulations Title 2. Grants and Agreements § 2.200.73 Oversight agency for audit

Oversight agency for audit means the Federal awarding agency that provides the predominant amount of funding directly to a non–Federal entity not assigned a cognizant agency for audit. When there is no direct funding, the Federal awarding agency which is the predominant source of pass-through funding must assume the oversight responsibilities. The duties of the oversight agency for audit and the process for any reassignments are described in § 200.513 Responsibilities, paragraph (b).