Legislation
SECTION 1276-C
Independent audit of authority
Public Authorities (PBA) CHAPTER 43-A, ARTICLE 5, TITLE 11
§ 1276-c. Independent audit of authority. The independent auditor
retained by the authority shall not provide to the authority,
contemporaneously with the audit unless it shall have previously
received written approval by the audit committee any non-audit service,
including:
1. routine bookkeeping or other services;
2. financial information systems design and implementation;
3. appraisal or valuation services, fairness opinions, or
contribution-in-kind reports;
4. actuarial services;
5. outsourcing services;
6. authority management functions or human resources;
7. broker or dealer, investment advisor or investment banking
services;
8. legal services and expert services unrelated to the audit.
retained by the authority shall not provide to the authority,
contemporaneously with the audit unless it shall have previously
received written approval by the audit committee any non-audit service,
including:
1. routine bookkeeping or other services;
2. financial information systems design and implementation;
3. appraisal or valuation services, fairness opinions, or
contribution-in-kind reports;
4. actuarial services;
5. outsourcing services;
6. authority management functions or human resources;
7. broker or dealer, investment advisor or investment banking
services;
8. legal services and expert services unrelated to the audit.