New York Codes, Rules and Regulations
Title 2 - DEPARTMENT OF AUDIT AND CONTROL
Chapter I - Audit Of Revenues And Accounts Payable From State Funds And Funds Under Its Control
Part 16 - Field Audit
Section 16.4 - Records of articles of manufacture and farm production
Current through Register Vol. 44, No. 38, September 21, 2022
(a) Adequate records shall be kept to reflect the purchase of all raw materials for the manufacture of articles for use by the institution or agency, or for resale. Cost of manufacturing, including labor, burden and administrative expenses and inventory records shall also be maintained.
(b) Accounts shall be set up to include all costs of farm production, the quantities produced and the distribution thereof.