How is the final financial audit and project close-out conducted?
What are the potential penalties for failure to complete reports required by award terms?
Failure to adhere to the reporting requirements may result in:
- Continuation awards to PI may be delayed or canceled
- Continuation awards for other MIT faculty may be delayed or canceled
- MIT may not get paid
- Award may be terminated early
- MIT may be debarred from receiving Federal awards
What record retention requirements apply to sponsored projects?
What should I do if my PI has received an email from the Program Officer that the sponsor intends to terminate the project early?
The DLC should contact the RAS project administrator immediately, and share the email received by the PI. See also early termination.