---
kind: "section"
citation: "2 C.F.R. § 1128.500"
title: "2"
number: "1128.500"
heading: "Purpose of FMS Article V."
url: "https://uscodex.org/cfr/2/1128.500"
---

# §1128.500. Purpose of FMS Article V.


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](/cfr/2/subpartF.md) of [2 CFR part 200](/cfr/2/part200.md).


## Notes

### Authority

Authority: 5 U.S.C. 301 and 10 U.S.C. 113.

### Source

Source: 85 FR 51171, Aug. 19, 2020, unless otherwise noted.