45 CFR 1301.12 - Annual audit of Head Start programs.
(1) Whether the agency's financial statements are accurate;
(2) Whether the agency is complying with the terms and conditions of the grant; and
(3) Whether appropriate financial and administrative procedures and controls have been installed and are operating effectively. Head Start agencies shall either include delegate agency audits as a part of their own audits or provide for separate independent audits of their delegate agencies.
(c) Unless otherwise approved by the responsible HHS official, the report of the audit shall be submitted to the responsible HHS official, in the manner and form prescribed by him or her, within 4 months after the prior budget period.