Chapter 117-4 Audit Rates and Standards
The auditor of state herein establishes a rule governing the recovery of the costs of audits of state agencies by the auditor, including, but not limited to, special audits, financial audits, compliance audits, fraud and embezzlement audits, reviews of governmental operations, the performance of agreed-upon procedures, or any part or combination thereof.
Rates charged state agencies for audits pursuant to Chapter 117. of the Revised Code shall be the allowable rates set forth in the auditor of state's indirect cost allocation plan submission to the office of budget and management. The indirect allocation plan will be sent to the federal department of health and human services for approval.
The rates established pursuant to this rule shall remain in effect until such time as new rates are established pursuant to this section.
The auditor reserves the right to charge less than the maximum amount permissible for any state agency audit if, in the auditor of state's discretion, a lesser cost is deemed to be appropriate.
Where the auditor of state determines that an audit of a public office is not intended to satisfy The Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, 2 C.F.R. Section 200 (2015), as amended, the auditor of state may provide for an audit which the auditor of state considers appropriate to the needs of the public office but which need not be performed in accordance with generally accepted governmental auditing standards. Such an audit may include, but need not be limited to, inquiry into the methods, accuracy, and legality of the accounts, financial reports, records, files, and reports of the public office, whether the laws, ordinances, and orders pertaining to the public office have been observed, and whether the requirements and rules of the auditor of state have been complied with.
Five Year Review (FYR) Dates: 08/28/2015 and 11/06/2020
Promulgated Under: 117.20
Statutory Authority: 117.11, 117.19
Rule Amplifies: 117.11, 117.19
Prior Effective Dates: 1/31/1984, 4/30/1984, 9/24/1984, 12/23/1984, 9/25/1985, 8/27/1990, 7/1/2000, 1/23/06
(A) The auditor of state herein establishes a rule governing the recovery of the costs of audits of local public offices by the auditor, including but not limited to, special audits, financial audits, performance audits, compliance audits, fraud and embezzlement audits, review of governmental operations, the performance of agreed-upon procedures, or any part or combination thereof. This rule does not apply to services provided by staff in the auditor of state's local government services section.
(B) Rates charged local public offices for any of the audits identified in paragraph (A) of this rule shall be set forth by the auditor of state at the rate of forty-one dollars per hour.
(C) At the state indirect cost allocation plan rate, local public offices may purchase non-audit services provided through a financial audit, but that are beyond the scope of that audit. Non-audit services include, but are not limited to, preparing a schedule of federal expenditures, reconciliations, and note disclosures.
(D) The rates established pursuant to this rule shall remain in effect until such time as new rates are established pursuant to this rule.
(E) For purposes of this rule, the state indirect cost allocation plan rate is the rate established by the auditor of state pursuant to rule 117-4-01 of the Administrative Code and in effect for the fiscal year in which services are provided.