Arizona Laws 8-1186. Annual audit
(Caution: 1998 Prop. 105 applies)
Terms Used In Arizona Laws 8-1186
- Action: includes any matter or proceeding in a court, civil or criminal. See Arizona Laws 1-215
- Board: means the Arizona early childhood development and health board established by this chapter. See Arizona Laws 8-1152
- 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.
A. The board shall cause an annual financial audit to be conducted of each of the board’s funds, accounts and subaccounts by an independent certified public accountant within one hundred twenty days after the end of the fiscal year.
B. The board shall immediately file a certified copy of the audit with the auditor general. The auditor general may make such further audits and examinations as necessary and may take appropriate action relating to the audit or examination pursuant to Title 41, Chapter 7, Article 10.1. If the auditor general takes no further action within thirty days after the audit is filed, the audit is considered to be sufficient.
C. The board shall pay negotiated and approved fees and costs of the certified public accountant and auditor general under this section from the administrative costs account of the early childhood development and health fund established by section 8-1181.