The grantee's financial management system must provide for audits to be made by the grantee or at its direction and at the expense of the grantee, of recipients, other than home buyers, with respect to information related to the program, in accordance with audit guidelines to be prescribed by the corporation. The corporation will take into account such audit reports in evaluating the performance of grantees.
N.Y. Comp. Codes R. & Regs. Tit. 21 § 2169.2