---
kind: "section"
citation: "2 C.F.R. § 910.520"
title: "2"
number: "910.520"
heading: "Criteria for a low-risk auditee."
url: "https://uscodex.org/cfr/2/910.520"
---

# §910.520. Criteria for a low-risk auditee.


An auditee that meets all of the following conditions for each of the preceding two audit periods may qualify as a low-risk auditee and be eligible for reduced audit coverage.

- (a) Compliance audits were performed on an annual basis in accordance with the provisions of this Subpart, including submitting the data collection form to DOE within the timeframe specified in [§ 910.512](/cfr/2/910.512.md) Report submission. A for-profit entity that has biennial audits does not qualify as a low-risk auditee.
- (b) The auditor's opinion on whether the financial statements (if available) were prepared in accordance with GAAP, or a basis of accounting required by state law, and the auditor's in relation to opinion on the schedule of expenditures of DOE awards were unmodified.
- (c) There were no deficiencies in internal control which were identified as material weaknesses under the requirements of GAGAS.
- (d) The auditor did not report a substantial doubt about the auditee's ability to continue as a going concern.
- (e) None of the DOE programs had audit findings from any of the following in either of the preceding two audit periods:
  - (1) Internal control deficiencies that were identified as material weaknesses in the auditor's report on internal control as required under [§ 910.515](/cfr/2/910.515.md) Audit reporting, [paragraph (c)](#c);
  - (2) **Not applicable.**
  - (3) **Not applicable.**

## Notes

### Amendments

[87 FR 15323, Mar. 18, 2022]

### Authority

Authority: 42 U.S.C. 7101, et seq.; 31 U.S.C. 6301-6308; 50 U.S.C. 2401 et seq.; 2 CFR part 200.

### Source

Source: 79 FR 76024, Dec. 19, 2014, unless otherwise noted.

### Amendments

[87 FR 15323, Mar. 18, 2022]