Questioned Cost

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The Lectric Law Library DictionaryDownload this dictionary
Questioned Cost
Cost that is questioned by the Office because of (a) an alleged violation of a provision of a law, regulation, contract, grant, cooperative agreement, or other agreement or document governing the expenditure of funds; (b) a finding that, at the time of the audit, such cost is not supported by adequate documentation; or (c) a finding that the expenditure of funds for the intended purpose is unnecessary or unreasonable.

Courtesy of the 'Lectric Law Library.

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