048-12 Wyo. Code R. § 12-3
The financial audit shall be governed by generally accepted auditing standards and other authoritative pronouncements of the profession. Additional reporting requirements have been incorporated to assure the auditors reviews and test the information system to validate services provided and related cost and grant or contract compliance of services provided. These standards define and clarify the requirements for an independent audit that is an explicitly stated requirement in all contracts entered into by the division and the provider's.
(a) The following establishes the audit requirements for subgrantees receiving assistance through the State of Wyoming, Department of Health and Social Services, Division of Community Programs. These requirements provide for an annual independent financial and compliance audit of operations. Such audits are to determine whether:
(b) Audits shall be made in accordance with the General Accounting Office Standards of Audit of Governmental Organizations, Programs, Activities, and Functions, the Guidelines for Financial and Compliance Audits of Federally Assisted Programs and generally accepted auditing standards established by the American Institute of Certified Accountants.
(c) All contractors receiving public funds from the Division of Community Programs shall maintain detailed board minutes. Minutes shall include a list of all warrants issued and their amount except that any warrants that may identify individual clients shall be consolidated in such a manner that the individual client cannot be identified. Minutes shall be made available for public inspection during the regular business hours upon request. Minutes shall adhere to all applicable laws, rules, and regulations that apply to confidentiality of client records. This shall not deny use of executive sessions for discussion of sensitive personnel or client matters.
(d) All service provider's receiving funds from the Division of Community Programs shall annually submit, within 120 days following the close of the service provider's fiscal year, an independent financial and compliance audit with management recommendation letter to the Office of Planning and Administration within the Department of Health and Social Services and to the State Examiners. Audits shall conform to the requirements of W.S. 16-4-102(a)(ix) and 16-4-121 through 16-4-123 and the State Examiner shall review and accept or reject the audit in conformity with W.S. W.S. W.S. 16-4-123. The scope of the audit shall include a determination of compliance with the terms of service provider contracts and other requirements of W.S. W.S. W.S. 35-1-620 otherwise requested by the Department of Health and Social Services or the Division of Community Programs. The service provider's shall make copies of the audit available to the general public on request. Funds audited under subsection (d) of this Section shall include:
(e) The audit requirements fulfill the requirements for the annual financial and expenditure report (Chapter 7, Rule 10 C) only when the contract and fiscal year end correspond to the state fiscal year end June 30.
048-12 Wyo. Code R. § 12-3