117-4-03 Audit rates for local public offices.

(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.

Five Year Review (FYR) Dates: 11/06/2015 and 11/06/2020
Promulgated Under: 117.20
Statutory Authority: 117.13, 117.20
Rule Amplifies: 117.13
Prior Effective Dates: 10/17/2011