---
kind: "section"
citation: "32 C.F.R. § 37.1325"
title: "32"
number: "37.1325"
heading: "Periodic audit."
url: "https://uscodex.org/cfr/32/37.1325"
---

# §37.1325. Periodic audit.


An audit of a participant, performed at an agreed-upon time (usually a regular time interval), to determine whether the participant as a whole is managing its Federal awards in compliance with the terms of those awards. Appendix C to this part describes what such an audit may cover. A periodic audit of a participant differs from an award-specific audit of an individual award (as defined in [§ 37.1235](/cfr/32/37.1235.md)).


## Notes

### Authority

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

### Source

Source: 68 FR 47160, Aug. 7, 2003, unless otherwise noted.