Oklahoma Administrative Code
Title 340 - Department of Human Services
Chapter 65 - Public Assistance Procedures
Subchapter 1 - General Provisions
Section 340:65-1-8 - Audit Responsibilities
Universal Citation: OK Admin Code 340:65-1-8
Current through Vol. 42, No. 1, September 16, 2024
(a) Audit requirements. A non-federal entity that expends $750,000 or more in federal awards during a fiscal year must complete a single audit or a program specific audit, per Section 7502(a)(1) and (a) (3) of Title 31 of the United States Code (31 U.S.C. § 7502(a)(1) and (a)(3)) and Section 200.501 of Title 2 of the Code of Federal Regulations.
(b) Oklahoma Human Services (OKDHS) responsibilities. When OKDHS operates as a federal award pass-through entity, per 31 U.S.C. § 7502(f)(2), OKDHS must:
(1) provide its federal award subrecipients
with the federal requirements that govern the award's use and the program name
and any identifying numbers from which such assistance is derived;
(2) supply the OKDHS Office of Inspector
General with an updated list of all subrecipients quarterly;
(3) monitor the award's use through site
visits, limited scope inspections, and other means;
(4) review the audits to ensure prompt and
appropriate corrective action occurred with respect to audit findings;
and
(5) require each subrecipient
to allow any OKDHS independent auditor access to the subrecipient's records and
financial statements.
Disclaimer: These regulations may not be the most recent version. Oklahoma may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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