§1660-G. Standard audit practices
The commissioner shall adopt rules no later than 180 days after July 3, 1995 containing at least the following requirements for audit practices. [RR 1997, c. 2, §10 (COR).]
1. Federal requirement. All federal audits prepared for agencies to which section 1660‑F, subsection 1, paragraphs A and B apply must be performed by qualified independent public accountants. Agencies to which section 1660‑F, subsection 1, paragraphs A and B apply must obtain audits that satisfy the federal audit requirement. Department auditors shall oversee these federal audit report submissions.
[PL 1995, c. 402, Pt. C, §2 (NEW).]
2. Department requirement.
[PL 2005, c. 519, Pt. SS, §3 (RP).]
SECTION HISTORY
PL 1995, c. 402, §C2 (NEW). RR 1997, c. 2, §10 (COR). PL 2005, c. 519, §SS3 (AMD).
Structure Maine Revised Statutes
TITLE 5: ADMINISTRATIVE PROCEDURES AND SERVICES
Chapter 148-C: MAINE UNIFORM ACCOUNTING AND AUDITING PRACTICES ACT FOR COMMUNITY AGENCIES
5 §1660-F. Standard accounting practices
5 §1660-G. Standard audit practices
5 §1660-I. Responsibilities of parties
5 §1660-J. Nonparticipating department
5 §1660-K. Emergency provision (REPEALED)
5 §1660-L. Advisory Committee to the Commissioner (REPEALED)