§ 2430.108. Audit of operations.
(a) The vendor may retain a licensed certified accounting firm to conduct an audit. Audits are suggested annually. The cost of an audit is an allowable operating expense.
(b) The vendor shall require the auditor to review the operation of the facility in detail with a complete analysis and reconciliation of recorded income and expenditures. The purchase of goods and their sales shall be examined and reconciled; the expenditures supported by invoice as well as those not so supported such as wages shall also be examined. The personal activities related to the operation of the facility also shall be reviewed to present a complete description of the operation of the facility.
(c) The operation of a facility may also be audited at the discretion of the Department or the Auditor General in accordance with existing statutes and regulations. In the event of a scheduled audit by either organization, the vendor shall be notified and shall provide convenient access to appropriate records and reports.
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