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Budgeting for Sub-recipient Audit

Country Offices (COs) are advised to use the historical rates for their Harmonized Approach to Cash Transfers (HACT) financial audits to estimate the Sub-recipient (SR) audit costs and should budget for them annually in the last quarter of each fiscal year.   If there is no record of the HACT financial audit costs, COs may calculate the estimated SR audit cost at 3% of the SR budget.  

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