Laserfiche WebLink
� + The Department shall consider the grant closed when the <br /> reconciliation payment is made, either by the Department or the <br /> Participant. The Department shall send notification to the <br /> Participant that the grant is closed. Payment issues , audit issues <br /> or any other matters pertaining to the grant may not be raised and <br /> are forever settled upon the grant closeout. <br /> ITEM 8. PROJECT AUDIT AND ACCESS TO RECORDS <br /> The Participant should arrange for an independent Certified <br /> Public Accountant to make financial and compliance audits each <br /> fiscal year to determine the fiscal integrity of financial <br /> transac tions and reports, and cam pliance with this agreement and any <br /> applicable laws, regulations and administrative requirements. Such <br /> audit shall be in accordance with the requirements of Sec tion 8.01 <br /> of this agreement. <br /> 8.01 . Independent audit. The participant shall arrange for an <br /> independent Certified Public Accountant to make financial and <br /> compl iance audits each fiscal year to determine the fiscal integrity <br /> of financial transactions and reports. The participant shall <br /> prescribe or approve the audit scope and reporting requirements as <br /> described in the following audit program. <br /> The following prescribe the standards to be followed by the <br /> participant in selecting auditors to conduct audits , and the minimum <br /> scope of audits and report formats which will meet the Department <br /> requirements. <br /> 6 <br />