Contracts & Grants Accounting

Federal Agency Audits

Federal sponsoring agencies are responsible for auditing grants, contracts, and cooperative agreements for compliance with federal and agency requirements. These audits ensure that funds are being used as the agency intended.

Audit reports are a useful tool to learn how other universities operate and how the sponsors view their practices and procedures. The specific audit reports below were chosen as they had significant findings in areas that are currently major issues for all research universities. Additional audit reports with findings that help illustrate major issues will be added to this page as they become available.

Reviewing the audit reports can help your department develop best practices that ensure that extramural funds are properly tracked and appropriately expended.

Examples of Audit Reports Related to Compliance

Additional Audit Examples

Detailed lists of audits can be found on the agency Web sites:

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Contracts & Grants Accounting Menu