96.54—Responsibility for subrecipient audits.
Recipients of Federal assistance from DOL are responsible for ensuring that subrecipient organizations who expend $300,000 or more in a fiscal year or $500,000 for fiscal years ending after December 31, 2003 are audited and that any audit findings are resolved in accordance with this part. The recipient shall:
(b)
Determine whether the subrecipient spent Federal assistance funds provided in accordance with applicable laws and regulations;
(c)
Ensure that appropriate corrective action is taken within six months after receipt of the audit report in instances of non-compliance with Federal law and regulations;
(e)
Require that each subrecipient permit independent auditors to have access to the records and financial statements necessary to comply with this part.