Ariz. Admin. Code § R14-2-A1213 - Guidelines for Auditing the AUSF
A. The AUSF records covering both collections
and disbursements shall be audited at the end of the first year following the
designation of a third party administrator. The AUSF records will then be
audited at least once every other year in the subsequent years of
operations.
B. The records shall be
examined for accuracy and the existence of effective internal controls to
ensure that the AUSF is being administered appropriately and
properly.
C. An independent
external auditor selected by the Commission shall be utilized to provide an
unbiased audit opinion concerning the AUSF administration procedures and
controls.
D. Any costs for
conducting audits will be deducted from the revenues of the AUSF prior to
disbursement of funds.
Notes
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.