Audit of recipients of assistance from GCRF; scope of review; performance audit of MDA's administration of GCRF by State Auditor; scope of audit.

Miss. Code Ann. § 57-119-15
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
The scope ofa financial audit of recipients of assistance under this chapter shallinclude funds related to any year in which the recipient receivesassistance under this chapter. The scope of review for these fundsshall include, but is not limited to, compliance with state and federallaws related to the receipt and expenditure of those funds and thecriteria established by MDA. The State Auditorshall conduct performance audits of MDA’s administration ofthe GCRF under this chapter. The scope of review shall include, but isnot limited to, evaluating internal controls, internal audit functions,reporting and performance requirements required for use of the assistance,and compliance with state and federal law. The audit shall includeany funds disbursed under this chapter and matching funds providedin the contract with MDA. In addition tothe rules of the State Auditor, the State Auditor shall adopt rulesfor the form and conduct all financial audits performed by independentcertified public accountants and for audits of recipients of assistanceunder this chapter. The State Auditormay report findings to the Secretary of the Treasury of the UnitedStates in addition to the reporting requirements under state law. The costs ofthe audits performed as provided in this section may be paid fromthe GCRF.

Starting a business in Mississippi? Mississippi LLC guide: costs and requirements