Section 1500.500  Audit Findings and Reports

a)         The Authority shall issue a report of its audit findings to the Governor, the General Assembly, the state central repositories, and the public.

b)         The report shall include a precise statement of the scope of the audit, a statement of the findings resulting from the audit, a statement of the prospective significance of the findings, recommendations to the state central repositories with respect to their procedures, practices, and policies, and a statement of explanation or rebuttal which may have been submitted by the audited agency.

c)         In conducting subsequent audits the Authority shall specifically monitor the state central repositories for correction of audit exceptions noted in the previous audit and include its findings in the audit report.