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 Oklahoma Administrative Code (Last Updated: March 11, 2021)
 TITLE 165. Corporation Commission
 Chapter 59. Oklahoma Universal Service and Oklahoma Lifeline
 Subchapter 3. Oklahoma Universal Service Fund
 Part 5. ADMINISTRATION OF THE OUSF

  SECTION 165:59-3-32. Audits of the Fund  

Latest version.
  • (a)   The OUSF shall be audited annually by a non-OUSF, independent auditor selected by a committee with input from the State Auditor's Office. The committee shall be selected by the Commission's Director of Administration.
    (b)   The annual audit should be based on assessed program risk conducted in accordance with standards.
    (c)   The audit may include further objectives as requested by the Commission's Director of Administration, the State Auditor's Office, the Oklahoma Attorney General, and/or as required by the contract between the OUSF and independent auditor.
    (d)   The cost of audits of the OUSF shall be funded by the OUSF.
    (e)   All audit reports, once finalized, shall be provided to the Oklahoma Attorney General.
[Source: Added at 14 Ok Reg 2562, eff 7-1-97; Amended at 15 Ok Reg 1061, eff 1-6-98 (emergency); Amended at 15 Ok Reg 1901, eff 7-1-98; Amended at 32 Ok Reg 868, eff 8-27-15; Amended at 34 Ok Reg 5, eff 8-12-16 (emergency); Amended at 34 Ok Reg 1011, eff 9-11-17]