765 KAR 1:030.
RELATES TO: KRS
AUTHORITY: KRS 164A.560
FUNCTION, AND CONFORMITY: The governing boards of the public institutions of
higher education may elect to perform the financial management functions of KRS
164A.555 to 164A.630 by issuing administrative regulations to do so. This
administrative regulation implements the provision of KRS 164A.570 at the
University of Kentucky.
Section 1. The
University of Kentucky Board of Trustees elects to engage a qualified firm of
certified public accountants for the purpose of submitting an independent
opinion concerning the internal accounting controls and compliance with the
provisions of KRS 164A.560, 164A.565, 164A.575, and 164A.620. The engagement of
the qualified firm, scope of the audit, and report of findings shall be in
accordance with the provisions of KRS 164A.570. (17 Ky.R. 709; eff. 10-14-90.)