The board of regents shall select and appoint independent auditors, as defined in subdivision (7) of section 4-230, to annually conduct an audit of any project of CSCU 2020. 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, and shall be submitted to the Governor and the General Assembly in accordance with section 11-4a. The board of regents 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 system during such period.
(June Sp. Sess. P.A. 07-7, S. 108; P.A. 14-98, S. 57.)
History: June Sp. Sess. P.A. 07-7 effective July 1, 2008; P.A. 14-98 replaced “board of trustees” with “board of regents” and “CSUS 2020, as defined in subdivision (4) of section 10a-91c” with “CSCU 2020”, effective July 1, 2014.
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