N.Y. Executive Law § 953: Independent audits of the executive chamber and the division of the budget

§ 953. Independent audits of the executive chamber and the division of

the budget. 1. At least once every three years, the independent

certified public accountant or accountants selected pursuant to this

section shall conduct audits of the internal controls of the executive

chamber and the division of the budget, either as a single audit or

separately. Such audits shall be performed in accordance with generally

accepted government auditing standards and shall include a report on

whether the executive chamber and division of the budget's internal

controls are established and functioning in a manner that provides

reasonable assurance that they meet the objectives of internal control

as defined in section nine hundred fifty of this article. The report

shall identify the internal controls both evaluated and not evaluated

and shall identify internal control weaknesses that have not been

corrected and actions that are recommended to correct these weaknesses.

If any such internal control weaknesses are significant or material with

respect to the entity, the independent auditor shall so state. The

governor and the director of the budget shall make available to the

public the results of such audits, including any related management

letters. The governor and director of the budget and any officer or

employee of the executive chamber and the division of the budget shall

make available upon request to such independent certified public

accountants all books and records relevant to such independent audits.

2. The governor and the director of the budget, either separately or

jointly, shall request proposals from independent certified public

accountants for audits of the internal controls of the executive chamber

and the division of the budget. The requests for proposals shall include

a reference to the requirements for audits conducted pursuant to

subdivision one of this section. The governor and the director of the

budget shall select such independent auditor or auditors in accordance

with a competitive procedure including an evaluation, based on quality

and price factors, of those proposals received in response to such

requests for proposals.