Oversight Agency for Audit

What is Oversight Agency for Audit?

Oversight Agency for Audit meaning The Federal awarding agency that provides the predominant amount of funding directly to a non-Federal entity not assigned a cognizant agency for audit. When there is no direct funding, the Federal awarding agency which is the predominant source of pass-through funding must assume the oversight responsibilities. The duties of the oversight agency for audit and the process for any reassignments are described in 2 CFR 75.513(b). – P –


reference: Glossary of NIH Terms