Section 38.780 - Financial management(a)Compliance. All recipients will comply with applicable requirements of the Single Audit Act Amendments of 1996, as implemented by 2 CFR part 200.(b)Financial Management. All grantees must use a financial management system that complies with 2 CFR part 200 . Grantees must meet the applicable requirements of the Office of Management and Budget's regulations on Cost Principles at 2 CFR 200.400 - 200.475 . Authority: 38 U.S.C. 501(d) , 2400 note and 2 CFR 200.400 - 200.475