4 Miss. Code. R. 2-1.1

Current through December 10, 2024

Rule 4-2-1.1 - Determination of Costs for Performing Audits by the Office of the State Auditor

The Division of Financial and Compliance Audits currently has the responsibility for the following types of entity audits: Public School Districts, State Agencies, Local County Governments, Colleges and Universities.

When audit planning and scheduling are completed, the section directors responsible for each of the above audit types will notify the Director of Financial and Compliance Audit Division for approval.

During the engagement planning stage of each audit, the entity will be asked to sign an engagement letter which contains an estimated cost of conducting the audit.

(a) All costs for preparing audits shall be billed to public entity.

(b) All costs billed to the public entity will be based upon the actual time of the Office of the State Auditor employees used in preparing the audit.

(c) All costs billed to the public entity will be billed at the rates provided by statute.

4 Miss. Code. R. 2-1.1

Miss. Code Ann. §§ 7-7-201, 7-7-209 to 7-7-215, 7-217 to 7-7-221, 7-7-3, 37-37-5.