CFR > Title 24 - Housing and Urban Development > CHAPTER IX—OFFICE OF ASSISTANT SECRETARY FOR PUBLIC AND INDIAN HOUSING, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT > PART 1000—NATIVE AMERICAN HOUSING ACTIVITIES > SUBPART F—Recipient Monitoring, Oversight and Accountability (§1000.501 to §1000.558) > 1000.544—What audits are required?

1000.544—What audits are required?

The recipient must comply with the requirements of the Single Audit Act and OMB Circular A-133 which require annual audits of recipients that expend Federal funds equal to or in excess of an amount specified by the U.S. Office of Management and Budget, which is currently set at $300,000.