Oklahoma § 74-212A - Audits of government entities

§ 74-212A. Audits of government entities

A. 1. Except as otherwise provided by law, all government

entities, as defined by the Governmental Accounting Standards Board,

shall have an audit conducted in accordance with auditing standards

generally accepted in the United States of America and Government

Auditing Standards. Copies of any audit, performance audit, agreedupon-procedures report, or other attestation engagement report

produced by a person other than the State Auditor shall be filed

with the State Auditor and Inspector by that person. The expense of

the audit shall be paid by the government entity. For fiscal years

ending after December 31, 1995, all government entities receiving

public funds that are included in the reporting entity of the State

of Oklahoma shall file a copy of the audit required by this

paragraph with the Director of the Office of Management and

Enterprise Services no later than four (4) months after the end of

the fiscal year of the government entity. For purposes of this

paragraph, the reporting entity of the State of Oklahoma includes

all government entities included in the State of Oklahoma

Comprehensive Annual Financial Report. The government entities

included in the State of Oklahoma reporting entity shall be

determined by the Director of the Office of Management and

Enterprise Services using criteria set by the Governmental

Accounting Standards Board.

2. Any public accountant or certified public accountant filing

an audit, performance audit, agreed-upon-procedures report or other

attestation engagement report with the State Auditor and Inspector

pursuant to this section shall be required to pay a filing fee of

One Hundred Dollars ($100.00) for the purposes of processing such

Oklahoma Statutes - Title 74. State Government

reports and ensuring compliance with the provisions of this section.

Such payments shall be deposited in the State Auditor and Inspector

Revolving Fund, created pursuant to Section 227.9 of this title.

B. All registrants, as defined in the Oklahoma Accountancy Act,

before entering into audit contracts required under this section,

shall satisfy the Oklahoma Accountancy Board and the State Auditor

and Inspector that such registrant meets Government Auditing

Standards and has a current permit to practice issued by the

Oklahoma Accountancy Board.

The State Auditor and Inspector shall receive annual reports

from the Oklahoma Accountancy Board of all registrants meeting the

requirements of this subsection. The Oklahoma Accountancy Board

shall provide changes and updates to the annual report to the State

Auditor and Inspector upon request.

C. Schedules of federal awards expended will be in a form

consistent with the guidance in the most recent audit guide for

state and local governments prepared by "The American Institute of

Certified Public Accountants". State agencies or other pass-through

grantors of federal awards expended will not place reporting

requirements on a grantee or subrecipients in addition to the

required federal compliance reports and schedules of federal awards

expended, without approval of the State Auditor and Inspector.

D. All governmental entities shall report grant funds received,

administered or used by the entity and all grant funds under the

direct or indirect control of the governmental entity or any of its

employees in their employment capacity. A copy of the report shall

be filed with the State Auditor and Inspector and the Director of

the Office of Management and Enterprise Services within four (4)

months after the end of the fiscal year of the governmental entity.

The State Auditor and Inspector may audit any funds reported. The

cost of the audit shall be paid by the governmental entity unless

the grant provides for the cost of audits from grant funds.

Added by Laws 1991, c. 319, § 3, emerg. eff. June 12, 1991. Amended

by Laws 1993, c. 260, § 8, operative July 1, 1993; Laws 1994, c.

299, § 1, eff. July 1, 1994; Laws 1996, c. 290, § 14, eff. July 1,

1996; Laws 1999, c. 192, § 2, emerg. eff. May 21, 1999; Laws 2005,

c. 459, § 9, eff. July 1, 2005; Laws 2010, c. 413, § 2, eff. July 1,

2010; Laws 2012, c. 304, § 843.