§ 7503. — Relation to other audit requirements.
[Laws in effect as of January 7, 2003]
[Document not affected by Public Laws enacted between
January 7, 2003 and December 19, 2003]
[CITE: 31USC7503]
TITLE 31--MONEY AND FINANCE
SUBTITLE V--GENERAL ASSISTANCE ADMINISTRATION
CHAPTER 75--REQUIREMENTS FOR SINGLE AUDITS
Sec. 7503. Relation to other audit requirements
(a) An audit conducted in accordance with this chapter shall be in
lieu of any financial audit of Federal awards which a non-Federal entity
is required to undergo under any other Federal law or regulation. To the
extent that such audit provides a Federal agency with the information it
requires to carry out its responsibilities under Federal law or
regulation, a Federal agency shall rely upon and use that information.
(b) Notwithstanding subsection (a), a Federal agency may conduct or
arrange for additional audits which are necessary to carry out its
responsibilities under Federal law or regulation. The provisions of this
chapter do not authorize any non-Federal entity (or subrecipient
thereof) to constrain, in any manner, such agency from carrying out or
arranging for such additional audits, except that the Federal agency
shall plan such audits to not be duplicative of other audits of Federal
awards.
(c) The provisions of this chapter do not limit the authority of
Federal agencies to conduct, or arrange for the conduct of, audits and
evaluations of Federal awards, nor limit the authority of any Federal
agency Inspector General or other Federal official.
(d) Subsection (a) shall apply to a non-Federal entity which
undergoes an audit in accordance with this chapter even though it is not
required by section 7502(a) to have such an audit.
(e) A Federal agency that provides Federal awards and conducts or
arranges for audits of non-Federal entities receiving such awards that
are in addition to the audits of non-Federal entities conducted pursuant
to this chapter shall, consistent with other applicable law, arrange for
funding the full cost of such additional audits. Any such additional
audits shall be coordinated with the Federal agency determined under
criteria issued under section 7504 to preclude duplication of the audits
conducted pursuant to this chapter or other additional audits.
(f) Upon request by a Federal agency or the Comptroller General, any
independent auditor conducting an audit pursuant to this chapter shall
make the auditor's working papers available to the Federal agency or the
Comptroller General as part of a quality review, to resolve audit
findings, or to carry out oversight responsibilities consistent with the
purposes of this chapter. Such access to auditor's working papers shall
include the right to obtain copies.
(Added Pub. L. 98-502, Sec. 2(a), Oct. 19, 1984, 98 Stat. 2332; amended
Pub. L. 103-272, Sec. 4(f)(1)(X), July 5, 1994, 108 Stat. 1363; Pub. L.
104-156, Sec. 2, July 5, 1996, 110 Stat. 1401.)
Amendments
1996--Pub. L. 104-156 reenacted section catchline without change and
amended text generally, substituting present provisions for similar
provisions relating to other audit requirements, including compliance
and evaluation audits of individual Federal assistance programs, audits
by State and local governmental entities, and provisions requiring
Federal agencies to arrange for funding cost of conducting audits that
are in addition to audits required by this chapter.
1994--Subsec. (a). Pub. L. 103-272 substituted ``extent'' for
``extend'' in second sentence.
Section Referred to in Other Sections
This section is referred to in title 49 section 47107.
