Section 427.24.14. Audits and records.

Each recipient shall be responsible for the maintenance of appropriate accounting records necessary for the protection of program funds and shall arrange and pay for an annual audit of each grant made under this program, to be submitted within 90 days of the end of the recipient’s fiscal year. Audits shall be performed in accordance with generally accepted auditing standards including the standards published by the general accounting office “Standard for Audit of Governmental Organizations, Programs, Activities and Functions.” The audit report shall conform to the audit format established for community action agencies by the state auditor. Audit procedures shall conform to OMB Circular A-128, “Audits of State and Local Governments.” In addition, DCAA may request more frequent audits or examinations of financial records of the recipient in order to ensure adequate financial controls are in place and operating.