Section 4-232 - Designation of independent auditor to conduct audit. Audit report filing(a) Each nonstate entity that is required to be audited pursuant to sections 4-230 to 4-236, inclusive, shall designate an independent auditor to conduct such audit. Not later than thirty days before the end of the fiscal period for which the audit is required, the nonstate entity shall file the name of such auditor with the cognizant agency designated pursuant to section 4-235 . If a nonstate entity fails to make such filing, the cognizant agency may designate an independent auditor to conduct the audit. A nonstate entity shall be responsible for paying the costs of any audit conducted by an independent auditor designated by a cognizant agency.(b)(1) Upon the completion of an audit pursuant to sections 4-230 to 4-236, inclusive, each nonstate entity shall file a copy of the audit report with the cognizant agency designated pursuant to section 4-235 and, if applicable, state grantor agencies and pass-through entities. Once filed, such report shall be made available by the nonstate entity for public inspection. Copies of the report shall be filed not later than thirty days after completion of such report, if possible, but not later than six months after the end of the audit period. The cognizant agency may grant an extension of not more than thirty days, if the auditor conducting the audit and the chief executive officer of the nonstate entity jointly submit a request in writing to the cognizant agency that includes the reasons for such extension and an estimate of the time needed for completion of such audit, not less than thirty days prior to the end of such six-month period. If the reason for the extension relates to deficiencies in the accounting system of the nonstate entity, the request shall be accompanied by a corrective action plan. The auditor or chief executive officer shall promptly provide any additional information the cognizant agency may require. Before determining whether to grant an extension request, the cognizant agency may require the auditor and officials of the nonstate entity to meet with representatives of the cognizant agency. No extension granted pursuant to this subdivision shall extend beyond twelve months after the last day of the fiscal year to which such audit applies.(2) Any nonstate entity, or the auditor of such nonstate entity, that fails to have an audit report filed on its behalf not later than six months after the end of the fiscal year or within the time granted by the cognizant agency, may be assessed by the Secretary of the Office of Policy and Management a civil penalty of not less than one thousand dollars and not to exceed ten thousand dollars. In addition to, or in lieu of such penalty, the cognizant agency may assign an auditor to perform an audit of such nonstate entity. In such case, such nonstate entity shall be responsible for paying the costs related to such audit. The secretary may, upon receipt of a written request from an official of the nonstate entity or its auditor, waive all such penalties if the secretary determines that there is reasonable cause for the entity not having completed or provided a required audit report.( P.A. 91-401 , S. 3 , 20 ; P.A. 98-143 , S. 19 , 24 ; Sept. Sp. Sess. P.A. 09-7, S. 46.)
Amended by P.A. 24-0132,S. 12 of the Connecticut Acts of the 2024 Regular Session, eff. 7/1/2024.Amended by P.A. 09-0007, S. 46 of the Sept. 2009 Sp. Sess., eff. 10/5/2009.