Finding Text
2 CFR 200 Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards and the Federal Acquisition Regulations require federal award recipients/contractors such as GRID to have internal controls over the federal awards that provides reasonable assurance that the recipient is managing the federal awards in compliance with federal statutes, regulations, and the terms and conditions of the federal awards. The Organization does have a control in place whereby the payroll charges to the federal awards are reviewed and approved by the appropriate individual. However, in our sample of 80 timesheets, we noted 3 instances where the Organization could not provide evidence of this approval.