23-50.16:8 - Audit - Virginia Statutes

§ 23-50.16:8. Audit.

The accounts of the Authority shall be audited annually by the Auditor ofPublic Accounts, or his legally authorized representatives, or by a certifiedpublic accounting firm, as selected by the Authority. The Authority shallselect a certified public accounting firm or the Auditor of Public Accountsthrough a process of competitive negotiation. Copies of the annual auditshall be distributed to the Governor and to the chairmen of the HouseCommittee on Appropriations and the Senate Committee on Finance. The Auditorof Public Accounts and his legally authorized representatives are herebyauthorized and empowered from time to time to examine the accounts and booksof the Authority; however, the Authority shall not be deemed to be a state orgovernmental agency, advisory agency, public body or agency orinstrumentality for purposes of Chapter 14 (§ 30-130 et seq.) of Title 30.The Authority shall be subject to periodic external review under theprovisions of the Legislative Program Review and Evaluation Act (§ 30-65 etseq.).

(1996, cc. 905, 1046.)