TITLE 42
State Affairs and Government

CHAPTER 42-64
Rhode Island Commerce Corporation

SECTION 42-64-38


§ 42-64-38. Audit of the corporation.

(a) Commencing July 1, 2014, and every five (5) years thereafter, the corporation shall be subject to a performance audit, conducted in compliance with the generally accepted governmental auditing standards, by the office of internal audit or a certified public accounting firm qualified in performance audits.

(b) If the audit is not directly performed by his or her office, the selection of the auditor and the scope of the audit shall be subject to the approval of the chief of the office of internal audit.

(c) The audit shall be conducted in conformance with subsections 35-7-3(b) through (d).

(d) The results of the audit shall be made public upon completion, posted on the websites of the office of internal audit and the corporation.

(e) The corporation shall be responsible for all costs associated with the audit.

History of Section.
(P.L. 2013, ch. 243, § 5; P.L. 2013, ch. 490, § 5.)