South Dakota Administrative Rules
Title 46 - Department of Human Services
Article 46:11 - Developmental disabilities
Chapter 46:11:04 - Administrative requirements
Section 46:11:04:02 - Accounting systems, cost reporting and annual audits

The provider shall maintain an accounting system pursuant to Generally Accepted Accounting Principles (GAAP). If required by the department, the provider must submit to the department a copy of an annual entity-wide, independent financial audit that shall be conducted by a certified public accountant who is not an employee of the provider or a member of its board of directors. The audit shall be completed and filed with the department within the fourth month following the end of the providers reporting period.

An audit conducted in accordance with this section shall contain, as part of the supplementary information, a cost report as outlined by the department. If applicable, the audit shall be conducted in accordance with the Federal Office of Management and Budget (OMB) Uniform Guidance 2 CFR Chapter I, Chapter II, Part 200, et.al. Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards by an auditor approved by the Auditor General to perform the audit.

For either an entity-wide, independent financial audit or an OMB Uniform Guidance 2 CFR 200 audit, the provider shall assure resolution of all interim audit findings. The provider shall facilitate and aid any such reviews, examinations, and agreed upon procedures the department or any contractor may perform.

General Authority: SDCL 27B-2-26(2).

Law Implemented: SDCL 27B-2-26.

Office of Management and Budget (OMB) Uniform Guidance: Cost Principles, Audit, and Administrative Requirements for Federal Awards, Copies are available free of charge from the following website: https://federalregister.gov/a/2013-30465.