739 KAR 1:030. Annual audit.
RELATES TO: KRS 164A.570
STATUTORY AUTHORITY: KRS 164A.560
NECESSITY, FUNCTION, AND CONFORMITY:
The governing boards of the public postsecondary institutions may elect to
perform and delegate the responsibility for certain financial management
functions by promulgating administrative regulations. This administrative
regulation implements the provisions of KRS 164A.570 at the Kentucky Community
and Technical College System.
Section 1. The Kentucky Community and
Technical College System Board of Regents elects to engage a qualified firm of
certified public accountants for the purpose of submitting an annual
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. (26 Ky.R. 1315;