Section 19-2820. AUDITS

 

2820.1At reasonable times and places, the Board may audit the books and records of any contractor, subcontractor, prospective contractor, or prospective subcontractor which are related to any contract with the Board when one of the following circumstances exist:

 

(a)A question as to the adequacy of accounting policies or cost systems;

 

(b)A substantial change in the methods or levels of operation;

 

(c)Previous unfavorable experience indicating doubtful reliability of estimating, accounting, or purchasing methods;

 

(d)A lack of cost experience due to the procurement of a new supply or service; or

 

(e)Other evidence that an audit is in the Board’s best interest as determined by the CCO.

 

2820.2Where the CCO requires an audit of a Board contractor, the Board shall procure the services of an independent certified public accounting (“CPA”) firm to perform an audit or audit review.

 

source

Final Rulemaking published at 37 DCR 4081, 4104-05 (June 22, 1990).

EditorNote

The following editorial correction was made to the text of the final rulemaking: “accounting” was substituted for the word “account”.