62.1-241.4 - Annual audit. - Virginia Statutes

§ 62.1-241.4. Annual audit.

The Auditor of Public Accounts, or his legally authorized representatives,shall annually audit the accounts of the Authority, and the cost of suchaudit services as shall be required shall be borne by the Authority. Theaudit shall be performed at least each fiscal year, in accordance withgenerally accepted auditing standards and, accordingly, include such tests ofthe accounting records and such auditing procedures as are considerednecessary under the circumstances. The Authority shall furnish copies ofsuch audit to the Governor and to the Board.

(1992, c. 378.)