2 CFR § 2701.503 - Relation to other audit requirements.

---
identifier: "/us/cfr/t2/s2701.503"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "2 CFR § 2701.503 - Relation to other audit requirements."
title_number: 2
title_name: "Federal Financial Assistance"
section_number: "2701.503"
section_name: "Relation to other audit requirements."
chapter_name: "SMALL BUSINESS ADMINISTRATION"
part_number: "2701"
part_name: "UNIFORM ADMINISTRATIVE REQUIREMENTS, COST PRINCIPLES, AND AUDIT REQUIREMENTS FOR FEDERAL AWARDS"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "15 U.S.C. 634(b)(6), 2 CFR part 200."
regulatory_source: "79 FR 76080, Dec. 19, 2014, unless otherwise noted."
cfr_part: "2701"
---


# 2701.503 Relation to other audit requirements.

Non-Federal entities that are not subject to the requirements of the Single Audit Act and that are performing projects under SBA awards will be required to submit copies of their audited financial statements for their most recently completed fiscal year. Costs associated with the auditing of a non-Federal entity's financial statements may be included in its negotiations for an indirect cost rate agreement in accordance with 2 CFR 200.425.