On 06/30/2013 the Audit Manual was updated. For a markup copy ...
On 06/30/2013 the Audit Manual was updated. For a markup copy ...
On 06/30/2013 the Audit Manual was updated. For a markup copy ...
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<strong>Audit</strong>s – Charter Schools<br />
Section 49-13-127, Tennessee Code Annotated, states that <strong>the</strong> governing body of <strong>the</strong> charter<br />
school shall cause an annual audit to be made of <strong>the</strong> accounts and records, including internal<br />
school activity and cafeteria funds, of <strong>the</strong>ir school. The audits may be prepared by certified<br />
public accountants or by <strong>the</strong> department of audit. The department of audit shall be responsible<br />
for ensuring that <strong>the</strong> audits are prepared in accordance with generally accepted auditing<br />
standards and determining if <strong>the</strong> audits meet minimum audit standards and regulations, which<br />
shall be prescribed by <strong>the</strong> comptroller of <strong>the</strong> treasury.<br />
<strong>For</strong>matted: Font: Italic<br />
<strong>Audit</strong>s – Watershed Districts<br />
Section 69-6-142, Tennessee Code Annotated, states that <strong>the</strong> comptroller of <strong>the</strong> treasury,<br />
through <strong>the</strong> department of audit, shall be responsible for ensuring that <strong>the</strong> audits of watershed<br />
districts are prepared in accordance with generally accepted government auditing standards and<br />
that <strong>the</strong> audits meet <strong>the</strong> minimum standards prescribed by <strong>the</strong> comptroller.<br />
<strong>Audit</strong>s – Medicaid providers<br />
Section 71-5-1<strong>30</strong>, Tennessee Code Annotated, states that <strong>the</strong> comptroller of <strong>the</strong> treasury shall<br />
determine payments to Medicaid providers in accordance with rules established by <strong>the</strong><br />
department of health. To determine payments to providers, <strong>the</strong> comptroller is authorized to<br />
enter into contracts with o<strong>the</strong>r state agencies or organizations providing such services. The<br />
comptroller, in consultation with <strong>the</strong> department of health, may require that cost data submitted<br />
by providers be certified by a certified public accountant. All cost data submitted to <strong>the</strong><br />
comptroller’s office is subject to audit.<br />
<strong>Audit</strong>s – Medicaid Waiver program<br />
Contractual agreements with <strong>the</strong> Department of Intellectual and Developmental Disabilities<br />
(DIDD) require agencies contracting under <strong>the</strong> medicaid waiver program to have an audit.<br />
Although <strong>the</strong>se contracts establish a vendor relationship, <strong>the</strong> DIDD services contract and <strong>the</strong><br />
DIDD provider manual both require that an annual audit be conducted. The types of entities<br />
that participate in this program vary widely and include sole proprietorships, limited liability<br />
corporations, partnerships, nonprofit corporations, etc. Each agency, regardless of <strong>the</strong> form it<br />
operates under, that expends $500,000 or more under <strong>the</strong>se contracts is required to have an<br />
audit conducted in accordance with Government <strong>Audit</strong>ing Standards (Yellow Book).<br />
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