Section 415.115 - Annual audits; rules(1) A coordinated care organization shall have an annual audit conducted by an independent certified public accountant and shall file an audited financial report annually with the Oregon Health Authority by June 30 following the end of the period to which the report applies. The annual audited financial report shall disclose: (a) The financial position of the coordinated care organization as of the end of the most recent calendar year; and(b) The results of the coordinated care organization's operations, cash flows and changes in capital, surplus and reserves for the year just ended.(2) The authority shall adopt the following rules as needed for carrying out the requirements of this section prescribing the:(a) Required contents and format of the audited financial report.(b) Requirements for filing the report.(c) Requirements applicable to qualifications and designation of certified public accountants for purposes of audits under this section, which may include limitations on length of service for certified public accountants and may permit recognition of accountants comparably qualified under the laws of another country.(d) Requirements applicable to evaluation of the accounting procedures of a coordinated care organization and its system of internal control by a certified public accountant.(e) Standards governing the scope and preparation of the audit.(f) Requirements and procedures relating to the reporting of the adverse financial condition of a coordinated care organization by a certified public accountant.(g) Requirements and procedures relating to the reporting of significant deficiencies for internal controls of a coordinated care organization.(i) Any other matter that the authority determines to be needed for preparation of or inclusion in the financial report.