Skip to main content
Find a Lawyer

Utah Code Title 63H. Independent State Entities § 63H-8-406. Annual report to governor and Legislature--Contents--Audits

Current as of January 01, 2025 | Updated by Findlaw Staff

(1)(a) The corporation shall, following the close of each fiscal year, submit, by October 1, an annual written report of its activities for the preceding year to the governor and the Retirement and Independent Entities Interim Committee.

(b) Each report shall set forth a complete operating and financial statement of the corporation during the fiscal year it covers.

(c) At least once each year, an independent certified public accountant shall audit the books and accounts of the corporation.

(d) A complete copy of each annual audit report shall be:

(i) included in the report to the governor and the Legislature under Subsection (2);

(ii) available for public inspection at the corporation's office; and

(iii) made available to the public on the corporation's website.

(2) The corporation shall, each fiscal year, submit a budget of its operations to the Legislature and the governor.

(3)(a) The corporation shall form an audit committee consisting of no less than three trustees.

(b) The audit committee has exclusive authority to:

(i) select and engage the independent certified public accountant to audit the corporation; and

(ii) supervise the audit.

(4) The corporation shall provide additional information upon request by the governor, the Legislature, a legislative committee, the legislative auditor general, or the state auditor.

Previous Part of Code Next Part of Code
Back to Chapter List

Cite this article: FindLaw.com - Utah Code Title 63H. Independent State Entities § 63H-8-406. Annual report to governor and Legislature--Contents--Audits - last updated January 01, 2025 | https://codes.findlaw.com/ut/title-63h-independent-state-entities/ut-code-sect-63h-8-406/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

Was this helpful?

Welcome to FindLaw's Cases & Codes

A free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw’s Learn About the Law.

Go to Learn About the Law

Latest Blog Posts

For Legal Professionals

Learn About The Law

Get help with your legal needs

FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.

Go to Learn About the Law

Need to Find an Attorney?

Search our directory by legal issue

Enter information in one or both fields (Required)

Copied to clipboard