How often are audits typically performed on research grants?

Audits on research grants are typically performed annually or as required by specific grant agreements. This regularity is crucial for ensuring compliance with federal and institutional guidelines, as well as for maintaining financial integrity and accountability throughout the life of the grant. Grantors often mandate audits to verify that funds are being used appropriately and in accordance with the stipulated terms.

This process helps identify any discrepancies early and allows for corrective action to be taken before the grant concludes. While some projects might have specific requirements for more frequent audits, the general standard is annual audits, which align with the funding agencies' expectations for transparency and responsible management of grant funds.