§ 1276-c. Independent audit of authority. The independent auditor retained by the authority shall not provide to the authority, contemporaneously with the audit unless it shall have previously received written approval by the audit committee any non-audit service, including:

Terms Used In N.Y. Public Authorities Law 1276-C

  • Appraisal: A determination of property value.

1. routine bookkeeping or other services;

2. financial information systems design and implementation;

3. appraisal or valuation services, fairness opinions, or contribution-in-kind reports;

4. actuarial services;

5. outsourcing services;

6. authority management functions or human resources;

7. broker or dealer, investment advisor or investment banking services;

8. legal services and expert services unrelated to the audit.

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