{"data":{"id":"us-ky/krs-164a.570","jurisdiction":"us-ky","citation":"KRS 164A.570","heading":"Annual audit.","body":"The governing board of any postsecondary educational institution making the election\nprescribed in KRS 164A.560 shall engage a qualified firm of certified public accountants\nexperienced in the auditing of institutions to conduct an annual examination of th e\ninstitution's financial statements in accordance with generally accepted auditing standards\nfor the purpose of submitting an independent opinion, and preparing a report of findings\nand recommendations concerning internal accounting controls and procedure s, and\ncompliance with KRS 164A.555 to 164A.630. The secretary of the Finance and\nAdministration Cabinet may prescribe the minimum scope of any such audit. The\nopinion, with the findings and recommendations, shall be forwarded to the Governor, the\nsecretary of the Finance and Administration Cabinet, the Auditor of Public Accounts, the\ndirector of the Legislative Research Commission, the president of the Council on\nPostsecondary Education, and members of the governing board.","path":["KRS Chapter 164A"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=4578","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:51:19Z","sha256":"479c756b6a4ddb1855a2b3ebbff3f7592f76e845fcf3625f34e4a87fa3829a9b","source_id":"us-ky","stale":false,"prev":"us-ky/krs-164a.565","next":"us-ky/krs-164a.575"},"notice":"GroundRules: Original legal text. Not legal advice."}