Texas Government Code 481.008 – Audit
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(a) The financial transactions of the office are subject to audit by:
(1) the state auditor in accordance with Chapter 321; or
(2) a private auditing firm.
(b) The state auditor shall inform the executive director when a financial audit of the office is not included in the audit plan for the state for a fiscal year. The executive director shall ensure that the office is audited under Subsection (a)(2) during those fiscal years.
Terms Used In Texas Government Code 481.008
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.