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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) Biennially, all of the accounts of the county treasurer, including any reserve funds, shall be subject to a financial audit conducted according to the generally accepted government accounting standards as established by the federal government accounting office. The audit shall be performed by a public accountant regulated under Title 26 and shall be conducted within four months after the close of the fiscal year being audited. The accountant's report shall be accompanied by a management letter containing findings and recommendations.
(b) The assistant judges shall enter into a contract with a public accountant to perform the audits required by this section. The assistant judges may enter into a multiple year contract under this section, provided that the person to whom a contract is awarded is selected by use of an open request for proposals process.
Cite this article: FindLaw.com - Vermont Statutes Title 24. Municipal and County Government, § 261. County financial audit - last updated January 01, 2024 | https://codes.findlaw.com/vt/title-24-municipal-and-county-government/vt-st-tit-24-sect-261/
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