State Audit definition

State Audit means financial audit of audited agencies, financial report audit and other types of audit as imposed by this organic act; all of which are related to government revenue auditing, revenue, expenditure, utilisation, retention and management of money, asset, rights and benefits of audited agencies or other relevant control or management of the said audited agencies in order to know whether the revenue or expenditure and financial management of such entity are compliant with relevant laws, regulations, rules, cabinet resolutions and good governance practicesof state or not;

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State Audit means the examination by the State, after final inspection, of documentation compiled by the applicant in support of its claim for Federal reimbursement of disaster repair and recovery work.

State Audit means the Audit conducted by the State Government or an authority appointed by it.

Examples of State Audit in a sentence

• The state compliance report on internal control over compliance will include a paragraph that states that the purpose of the report on internal control over compliance is solely to describe the scope of our testing of internal control over compliance and the results of that testing based on the requirements of the State Audit Guide.

• Upon request by the Finance Authority, the Borrower/Grantee shall provide the Finance Authority a copy of any review or audit, report of agreed upon procedures, or any other document prepared pursuant to or required by the State Audit Act.

• The State Audit Office carries out independent control activities.

• Comply with the provisions of the State Audit Law (La. R.S. 24:511, et seq.) that are applicable to the District and/or the District Defender, including, without limitation, La. R.S. 24:513(A)(3),(5) and (6) and (J).

• It is the responsibility of the Secretary of State Audit Division to conduct performance audits of state agencies, including OAC, in part to identify whether or not the agencies are meeting these requirements.

• The Grantee is required to maintain all financial documents related to the Project in accordance with Exhibit G (State Audit Document Requirements for Grantees).

• However, we will communicate to you in writing significant deficiencies or material weaknesses in internal control relevant to the audit of the financial statements that we identify during the audit that are required to be communicated under AICPA professional standards, Government Auditing Standards, the Uniform Guidance, and the State Audit Guide.

• Therefore, in addition to the requirements in Exhibit B.10, Records Maintenance, Access, Recipient shall provide or give access to OAC and/or the Secretary of State Audit division the Records, described in Exhibit B.10, within 5 business days of receipt of written notice to Recipient.

• Additional Non-Program Cost Share will not be reviewed by the State for invoicing purposes; however, the Funding Recipient is required to maintain all financial records associated with the project in accordance with Exhibit G (State Audit Document Requirements).

• Contractor shall be responsible for any disallowance taken by the Federal Government, the State, or the California State Audit, as a result of any audit exception that is related to the Contractor’s responsibilities herein.