Section 61.66 - Financial management(a) All recipients must comply with applicable requirements of the Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards under 2 CFR part 200.(b) All entities receiving assistance under this part must use a financial management system that follows generally accepted accounting principles and meets the requirements set forth under 2 CFR part 200 . All recipients must implement the requirements of 2 CFR part 200 when determining costs reimbursable under all awards issued under this part. 80 FR 43323 , July 22, 2015 Authority: 38 U.S.C. 501