Administrative Rules of Montana
Department 24 - LABOR AND INDUSTRY
Chapter 24.147 - BOARD OF FUNERAL SERVICE
Subchapter 24.147.16 - Trust Funds - Cemeteries, Mortuaries, and Crematories
Rule 24.147.1609 - MORTUARY AND CREMATORY PRENEED TRUST ACCOUNTS - AUDITS

Universal Citation: MT Admin Rules 24.147.1609

Current through Register Vol. 18, September 20, 2024

(1) At its discretion, the board may conduct audits of preneed funeral trusts. Reasons for audits include, but are not limited to:

(a) public complaints; and

(b) board action on annual trust reports submitted per 24.147.1601 and 24.147.1608.

(2) The board will contract with an independent licensed or certified public accountant to conduct the audit.

(3) The contracted auditor will conduct the audit per these statutes, rules, general audit standards, and board audit guidelines. The audit includes, but is not limited to:

(a) opinion of the independent public accountant;

(b) report of the evaluation of internal controls;

(c) the accountant's letter of qualification;

(d) trust agreement(s);

(e) financial statements; and

(f) documents supporting and verifying each asset of the fund.

(4) The fee charged by the accountant for the actual cost of the audit must be paid by the mortuary or crematory.

AUTH: 37-1-131, 37-19-202, 37-19-807, MCA; IMP: 37-1-131, 37-19-708, 37-19-827, 37-19-828, 37-19-829, MCA

Disclaimer: These regulations may not be the most recent version. Montana may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.