Kansas Statutes 74-8778. Same; contracts for audit work; requirements; responsibilities of selected firm
Terms Used In Kansas Statutes 74-8778
- Contract: A legal written agreement that becomes binding when signed.
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
- Executive director: means the executive director of the Kansas lottery. See Kansas Statutes 74-8702
- Kansas lottery: means the state agency created by this act to operate a lottery or lotteries pursuant to this act. See Kansas Statutes 74-8702
(a) Each contract for an audit required by Kan. Stat. Ann. § 74-8774, and amendments thereto, entered into under Kan. Stat. Ann. §§ 74-8776 and 74-8777, and amendments thereto, shall be entered into between the executive director of the Kansas lottery and the firm or firms selected to perform the audit. Each such contract shall require the firm or firms selected to submit evidence that is satisfactory to the Kansas lottery audit contract committee that the firm has general professional liability insurance or specific liability insurance that is adequate for such audit.
(b) In addition to the requirements in subsection (a), each such contract for audit services shall specify the responsibilities undertaken by the firm selected to perform such audit and such firm shall be responsible for all material errors and omissions in the performance of such contract.
(c) Such contracts shall not be subject to the provisions of Kan. Stat. Ann. §§ 75-3739 or 75-37,102 or Kan. Stat. Ann. § 75-37,130 through 75-37,135, and amendments thereto.