{"data":{"id":"us-ky/krs-342.1225","jurisdiction":"us-ky","citation":"KRS 342.1225","heading":"Annual audit of commission's financial statements.","body":"The board of directors shall require the commission to engage a certified public\naccountant or a firm of certified public accountants to conduct an annual examination of\nthe commission's financial statements, conditions, transactions, and affairs in accord ance\nwith generally accepted auditing standards for the purpose of submitting an independent\nopinion, and preparing a report of findings and recommendations concerning the\ncommission's internal accounting controls and procedures. The opinions and reports o f\nthe accountants shall be forwarded annually to the Governor and Auditor of Public\nAccounts. Notwithstanding any other provision of this chapter, the Auditor of Public\nAccounts shall have access to and may examine all books, accounts, reports, vouchers,\ncorrespondence files, records, money, and property of the commission and may otherwise\nexercise all powers of his office under KRS Chapter 43 with respect to the association.","path":["KRS Chapter 342"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=32409","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:58:30Z","sha256":"0afdee802c2b68a2a184b953c5e07787b52de3477a6bb3c61f214ce0bdad4027","source_id":"us-ky","stale":false,"prev":"us-ky/krs-342.1224","next":"us-ky/krs-342.1226"},"notice":"GroundRules: Original legal text. Not legal advice."}