Sec. 10a-109z. Audit of projects.
Sec. 10a-109z. Audit of projects. The Board of Trustees for The University of
Connecticut shall select and appoint independent auditors, as defined in subdivision (7)
of section 4-230, to annually conduct an audit of any project of UConn 2000, as defined
in subdivision (25) of section 10a-109c. Such audit shall review invoices, expenditures,
cost allocations and other appropriate documentation in order to reconcile project costs
and verify conformance with project budgets, cost allocation agreements and applicable
contracts. The Board of Trustees for The University of Connecticut shall ensure that
the auditors have unfettered access to any documentation the auditors need to review
any such project. The auditors appointed pursuant to this section may serve in such
capacity for five consecutive years and shall not be reappointed at the expiration of
such period. Any such auditor appointed pursuant to this section shall not perform any
nonaudit services for the university during such period. The auditors shall report annually to the General Assembly on their findings from the audits conducted pursuant to
this section.
(P.A. 06-134, S. 1; P.A. 07-166, S. 13.)
History: P.A. 06-134 effective July 1, 2006; P.A. 07-166 changed requirement that auditors review all invoices, expenditures, cost allocations and other appropriate documentation of any project of UConn 2000 to permit review of a sample of
invoices, expenditures, cost allocations and other appropriate documentation, and added requirement that auditors report
annually to the General Assembly on their findings from audits conducted, effective July 1, 2007.