(a)The Auditor shall conduct audits of all the financial transactions of all state agencies. To the extent possible, the Auditor shall conduct the audits at least once every 2 years.
(b)At least quarterly during each fiscal year, the Auditor shall conduct an audit to determine if the books and records maintained by the Office of the Secretary of Finance are kept in accordance with generally accepted accounting principles and are reconciled with the bank accounts. At the same time, the Auditor shall reconcile the records maintained by the Office of the Secretary of Finance with the fund balances maintained and reported by the Director of the Office of Management and Budget.
(c)The Auditor has sole responsibility for the arrangements under which a state agency audit is conducted and for
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(a) The Auditor shall conduct audits of all the financial transactions of all state agencies. To the extent possible, the Auditor shall conduct the audits at least once every 2 years.
(b) At least quarterly during each fiscal year, the Auditor shall conduct an audit to determine if the books and records maintained by the Office of the Secretary of Finance are kept in accordance with generally accepted accounting principles and are reconciled with the bank accounts. At the same time, the Auditor shall reconcile the records maintained by the Office of the Secretary of Finance with the fund balances maintained and reported by the Director of the Office of Management and Budget.
(c) The Auditor has sole responsibility for the arrangements under which a state agency audit is conducted and for selecting a certified public accountant who makes the audit. Another state agency or state agency member, official or employee may not have any part in, or responsibility for, selecting a certified public accountant, or making any arrangements, agreements or contracts for the employment of a certified public accountant to make a state agency audit.
(d) As the Auditor authorizes, expenses incurred during an audit of a state agency are charged as follows:
(1) To general fund appropriations of the General Assembly to the Office of Auditor of Accounts for audits of general fund activity.
(2) To capital appropriations of the General Assembly to the several agencies for audits of capital fund activity.
(3) To general fund appropriations and special fund accounts for audits of special fund activity. If there is a question about which account to charge, then the account selected by agreement between the Auditor and the Director of the Office of Management and Budget is charged.
(e) This section does not affect § 5109 of Title 14. Any other provision which stands in conflict with this section is void.
(f) The Auditor shall conduct an annual audit of local school district tax funds budget and expenditures. The results of an audit must be submitted to the local board, the State Board of Education, the Office of the Controller General, and the local libraries within the local school district. A local school district shall pay the expenses incurred during the annual audit of the local school district’s tax funds budget and expenditures.
(g) The Auditor shall conduct an audit of all agencies, associations, and funds created directly or indirectly by the provisions of Title 18 or by the Insurance Commissioner.
(h) The Auditor shall conduct an audit of the State-funded portion of the finances of the University of Delaware as authorized by § 5109 of Title 14. The contractor conducting the audit must be selected jointly by the University of Delaware and the Auditor of Accounts.