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Statutes > Kansas > Chapter46 > Article11 > Statutes_19832

46-1126

Chapter 46.--LEGISLATURE Article 11.--LEGISLATIVE POST AUDIT

46-1126. Contracts for financial-compliance audits; professionalliability insurance; responsibilities of selected firm.(a) Each contract for a financial-compliance audit of a state agency enteredinto under K.S.A. 46-1123 and46-1125 and amendments to these sections shallbe entered into between the post auditor and the firm selected toperform the financial-compliance audit. Each such contract shallrequire the firm selected to perform the financial-compliance audit tosubmit evidence which is satisfactory to the contract audit committeethat the firm has general professional liability insurance or specificprofessional liability insurance which is adequate for such audit.

(b) In addition to the requirements in subsection (a), each suchcontract for financial-compliance audit services shall specify theresponsibilities undertaken by the firm selected to perform such auditand that such firm shall be responsible for all material errors andomissions in the performance of such contract.

(c) Such contracts shall not be subject to the provisions of K.S.A. 75-3739and amendments thereto.

History: L. 1980, ch. 153, § 7; L. 1984, ch. 191, § 13; Feb. 16.

State Codes and Statutes

Statutes > Kansas > Chapter46 > Article11 > Statutes_19832

46-1126

Chapter 46.--LEGISLATURE Article 11.--LEGISLATIVE POST AUDIT

46-1126. Contracts for financial-compliance audits; professionalliability insurance; responsibilities of selected firm.(a) Each contract for a financial-compliance audit of a state agency enteredinto under K.S.A. 46-1123 and46-1125 and amendments to these sections shallbe entered into between the post auditor and the firm selected toperform the financial-compliance audit. Each such contract shallrequire the firm selected to perform the financial-compliance audit tosubmit evidence which is satisfactory to the contract audit committeethat the firm has general professional liability insurance or specificprofessional liability insurance which is adequate for such audit.

(b) In addition to the requirements in subsection (a), each suchcontract for financial-compliance audit services shall specify theresponsibilities undertaken by the firm selected to perform such auditand that such firm shall be responsible for all material errors andomissions in the performance of such contract.

(c) Such contracts shall not be subject to the provisions of K.S.A. 75-3739and amendments thereto.

History: L. 1980, ch. 153, § 7; L. 1984, ch. 191, § 13; Feb. 16.

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Statutes > Kansas > Chapter46 > Article11 > Statutes_19832

46-1126

Chapter 46.--LEGISLATURE Article 11.--LEGISLATIVE POST AUDIT

46-1126. Contracts for financial-compliance audits; professionalliability insurance; responsibilities of selected firm.(a) Each contract for a financial-compliance audit of a state agency enteredinto under K.S.A. 46-1123 and46-1125 and amendments to these sections shallbe entered into between the post auditor and the firm selected toperform the financial-compliance audit. Each such contract shallrequire the firm selected to perform the financial-compliance audit tosubmit evidence which is satisfactory to the contract audit committeethat the firm has general professional liability insurance or specificprofessional liability insurance which is adequate for such audit.

(b) In addition to the requirements in subsection (a), each suchcontract for financial-compliance audit services shall specify theresponsibilities undertaken by the firm selected to perform such auditand that such firm shall be responsible for all material errors andomissions in the performance of such contract.

(c) Such contracts shall not be subject to the provisions of K.S.A. 75-3739and amendments thereto.

History: L. 1980, ch. 153, § 7; L. 1984, ch. 191, § 13; Feb. 16.