§ 462. Audit.

Latest version.

(a) All grantees must arrange for an annual audit of their project conducted by a Certified Public Accountant operating as an independent auditor using generally-accepted accounting standards.
(b) The audit shall be completed and the report sent to the DOJ no later than six months after the completion of each grant period or termination of a Grant Award Agreement.
(c) Grantees may budget up to one percent of the total grant to help offset the cost of the audit. The audit costs must be identified on the operating expenses budget sheet.

HISTORY

1. New section filed 5-6-2002 as an emergency; operative 5-6-2002 (Register 2002, No. 19). A Certificate of Compliance must be transmitted to OAL by 9-3-2002 or emergency language will be repealed by operation of law on the following day.

2. Certificate of Compliance as to 5-6-2002 order transmitted to OAL by 8-30-2002 and filed 10-10-2002 (Register 2002, No. 41).

Note

Note: Authority cited: Sections 13825.3(c) and 13825.5, Penal Code. Reference: Section 13825.4, Penal Code.

                    
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