---
kind: "section"
citation: "7 C.F.R. § 1734.8"
title: "7"
number: "1734.8"
heading: "Audit requirements."
url: "https://uscodex.org/cfr/7/1734.8"
---

# §1734.8. Audit requirements.


A recipient of financial assistance shall provide RUS with an audit for each year, beginning with the year in which a portion of the financial assistance is expended, in accordance with the following:

- (a) If the awardee is a for-profit entity, an electric or telecommunications cooperative, or any other entity not covered by the definition of “non-Federal entity” in [2 CFR 200.1](/cfr/2/200.1.md), the awardee shall provide an independent audit report in accordance with [7 CFR part 1773](/cfr/7/part1773.md) and the grant agreement.
- (b) If the awardee is a non-Federal entity, as defined in [2 CFR 200.1](/cfr/2/200.1.md), the awardee shall provide an audit in accordance with [subpart F](/cfr/7/subpartF.md) of [2 CFR part 200](/cfr/2/part200.md).
- (c) Grant awardees shall comply with [2 CFR part 200](/cfr/2/part200.md), and rules on the disposition of grant assets in [part 200](/cfr/7/part200.md) shall be applied regardless of the type of legal organization of the grantee.

## Notes

### Amendments

[82 FR 55925, Nov. 27, 2017, as amended at 88 FR 7561, Feb. 6, 2023]

### Authority

Authority: 7 U.S.C. 901 et seq. and 950aaa et seq.

### Source

Source: 82 FR 55925, Nov. 27, 2017, unless otherwise noted.

### Amendments

[82 FR 55925, Nov. 27, 2017, as amended at 88 FR 7561, Feb. 6, 2023]