060-34 Wyo. Code R. § 34-10
(a) The Board shall ensure compliance with the provisions of the Federal Single Audit Act, 1966 Amendments and Office of Management and Budget (OMB) Circular A-133. On an annual basis records of loan recipients shall be, at a minimum, compiled by an independent accounting firm. Notification of compliance shall be made to the Board in the form of a Compilation, Review, or Audited Financial Statement prepared by an independent accounting firm. On an annual basis, recipients receiving five hundred thousand dollars ($500,000) or more in federal funds in any fiscal year shall have their records audited by an independent accounting firm. Notification of compliance shall be made to the Board in the form of an Audited Financial Statement. The Board may, at its expense, conduct an independent audit of the loan recipient's records and inspect the construction and operation of the project. Loan recipients shall maintain project accounts in accordance with Generally Accepted Accounting Principals (GAAP).
060-34 Wyo. Code R. § 34-10