1 Texas Administrative Code § 66.123 – Audit Standards

(a) A grantee must submit to the OAG copies of all audit reports, including audits as required in the Independent Annual Audit and all other audits that a grantee undergoes, regardless of the purpose.

(b) A grantee must ensure that required audits are completed and submitted to the OAG on or before 30 days after the issuance of an auditor’s report.

(c) A grantee will bear its fair and reasonable share of audit costs required by the OAG in accordance with applicable federal and state cost principles governing allowability and allocation.

(d) A grantee, regardless of level of funding, is subject to random, periodic on-site reviews and audits by the OAG. These reviews are designed to complement, not duplicate, any single audit performed.