Kansas Statutes 46-1125. Selection of firm or firms by contract audit committee; considerations
Current as of: 2023 | Check for updates
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Terms Used In Kansas Statutes 46-1125
- Contract: A legal written agreement that becomes binding when signed.
- Firm: means any individual, firm, partnership, corporation, association or other legal entity permitted by law to engage in practice as a certified public accountant. See Kansas Statutes 46-1112
(a) The contract audit committee may conduct discussions with each of the firms submitted by the post auditor and then shall select a firm or firms from such listing to provide the audit in accordance with the legislative post audit act.
(b) The contract audit committee shall consider, in making their selection, qualifications of the firm and staff, the technical proposal and fee.
(c) If the contract audit committee is unable to contract with any of the selected firms, the contract audit committee shall request the post auditor to provide another list of firms to be reviewed by the contract audit committee and, upon receipt of such list, the contract audit committee shall proceed in accordance with the provisions of this section.