The commissioner shall adopt rules no later than 180 days after July 3, 1995 containing at least the following requirements for audit practices. [RR 1997, c. 2, §10 (COR).]
1. Federal requirement. All federal audits prepared for agencies to which section 1660‑F, subsection 1, paragraphs A and B apply must be performed by qualified independent public accountants. Agencies to which section 1660‑F, subsection 1, paragraphs A and B apply must obtain audits that satisfy the federal audit requirement. Department auditors shall oversee these federal audit report submissions.
2. Department requirement.