Ariz. Admin. Code § 14-2-A1213

Current through Register Vol. 30, No. 25, June 21, 2024

Section 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.

Ariz. Admin. Code § R14-2-A1213

Renumbered from R14-2-1213 amended by final rulemaking at 23 A.A.R. 2822, effective 9/20/2017.