Questioned Cost Law and Legal Definition
Questioned Cost refers to a cost that is questioned by the office for the following reasons:
- an alleged violation of a provision of a law, regulation, contract, grant, cooperative agreement, or other agreement or document governing the expenditure of funds.
- a finding that, at the time of the audit, such cost is not supported by adequate documentation.
- a finding that the expenditure of funds for the intended purpose is unnecessary or unreasonable.
Legal Definition list
Related Legal Terms
- Above the Line Costs (Entertainment Law)
- Absorption Costing
- Accelerated Cost Recovery System
- Acquisition Cost of an Item of Purchased Equipment
- Acquisition Cost of Equipment [Education]
- Activity-Based Costing
- Actuarial Cost Assumptions
- Actuarial Cost Method
- Administrative Cost of Issuing a Loan Guarantee
- Administrative Settlement Costs
