Texas Administrative Code
Title 40 - SOCIAL SERVICES AND ASSISTANCE
Part 1 - DEPARTMENT OF AGING AND DISABILITY SERVICES
Chapter 1 - STATE AUTHORITY RESPONSIBILITIES
Subchapter G - COMMUNITY CENTERS
Section 1.312 - Fiscal Controls
Universal Citation: 40 TX Admin Code ยง 1.312
Current through Reg. 49, No. 38; September 20, 2024
Pursuant to the Texas Health and Safety Code, § 534.035, each community center must comply with the following review and audit procedures to provide reasonable assurance that the community center has adequate and appropriate fiscal controls.
(1) Audit procedures.
(A) Each board of trustees must ensure an
annual financial and compliance audit of its accounts is conducted by a
certified public accountant or public accountant licensed by the Texas State
Board of Public Accountancy. At a minimum, the audit must be conducted in
accordance with Government Auditing Standards.
(B) DADS and DSHS may conduct on-site audits
of a community center as determined by DADS and DSHS financial risk analysis of
the center.
(2) Review procedures.
(A) DADS and DSHS conduct a desk
review of each community center's annual audit to determine audit quality and
to identify findings and questioned costs.
(B) DADS and DSHS perform a financial risk
analysis of each community center based on the center's annual audit and/or any
financial information that the center is required to submit in accordance with
§
1.310(b)(1)
of this subchapter (relating to Standards of Administration for Boards of
Trustees).
Disclaimer: These regulations may not be the most recent version. Texas 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.
