Tennessee § 49-7-3001 - Risk-based internal financial audits.
Full text of Tennessee Tennessee Code Annotated § 49-7-3001 — Risk-based internal financial audits., with citation guidance and answers to common questions.
§ 49-7-3001. Risk-based internal financial audits.
The trustees of the University of Tennessee shall require risk-based internal financial audits for the offices of the university president and the chancellors of the campuses comprising the system; provided, that at least thirty percent (30%) of such offices shall be audited in any given year. Such audits shall be reviewed by the board of trustees and the comptroller of the treasury. The board of regents shall require risk-based internal financial audits of the offices of the chancellor and the presidents and directors of the institutions governed by the board; provided, that at least thirty percent (30%) of such offices shall be audited in any given year. The audits shall be reviewed by the board of regents and the comptroller of the treasury. Each state university board shall require an annual internal financial audit of the office of the president of the institution. The audit shall be reviewed by the institution's governing board and the comptroller of the treasury. The audits shall be performed for each fiscal year and shall be completed and furnished to the system's governing body and the comptroller of the treasury by December 1 following the close of each fiscal year. Acts 2004, ch. 768, § 1; 2010, ch. 891, § 3; 2017, ch. 28, §§ 2, 3.
Source: official Tennessee text · Last verified 2026-08-27
Frequently Asked Questions About Tennessee § 49-7-3001
What does Tennessee Code Annotated § 49-7-3001 cover?
Section 49-7-3001 ("Risk-based internal financial audits.") is part of the Tennessee Code Annotated, the codified statutory law of Tennessee. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Tennessee § 49-7-3001?
A common citation format is "Tennessee Code Annotated § 49-7-3001" (Tennessee). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Tennessee law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Tennessee official source linked on this page or consult a licensed Tennessee attorney.
How does Tennessee § 49-7-3001 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Tennessee can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Tennessee.