There is a newer version of this Section
2023
2022 (you are here)
2021
View All Versions
View our newest version here

2022 Kentucky Revised Statutes
Chapter 41 - Department of the treasury
41.465 Annual financial statement audit.

Universal Citation:
KY Rev Stat § 41.465 (2022)
Learn more This media-neutral citation is based on the American Association of Law Libraries Universal Citation Guide and is not necessarily the official citation.
Previous Next

Download as PDF
41.465 Annual financial statement audit. (1) (a) (b) (2) (a) (b) (c) The commission shall annually procure a financial statement audit of all funds and accounts within its control. The audit shall be conducted in accordance with generally accepted government auditing standards. The commission shall not enter into any contract with a certified public accountant for an audit unless the Auditor of Public Accounts has: 1. Declined in writing to perform the audit; or 2. Failed to respond within fifteen (15) days of receipt of a written request for an audit. If the Auditor of Public Accounts performs the annual audit required in subsection (1) of this section, the Auditor of Public Accounts shall maintain a record of all expenses incurred, including time worked on the audit, and these expenses shall be charged to the commission. If the Auditor of Public Accounts does not perform the annual audit, any contract with a certified public accountant shall specify the following: 1. The certified public accountant shall forward a copy of the audit report and management letters to the Auditor of Public Accounts and to the Legislative Research Commission; and 2. The Auditor of Public Accounts shall have the right to review the certified public accountant's work papers. Effective: June 27, 2019 History: Created 2019 Ky. Acts ch. 155, sec. 4, effective June 27, 2019.
Previous Next
Disclaimer: These codes may not be the most recent version. Kentucky may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.