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Rule Title: CRITERIA FOR THE SELECTION OF THE INDEPENDENT AUDITOR
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Department: ADMINISTRATION, DEPARTMENT OF
Chapter: STATE FINANCIAL SERVICES DIVISION
Subchapter: Single Audit Act
 
Latest version of the adopted rule presented in Administrative Rules of Montana (ARM):

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2.4.407    CRITERIA FOR THE SELECTION OF THE INDEPENDENT AUDITOR

(1) In selecting an independent auditor to perform an audit under 2-7-503 , MCA, a local government entity shall consider the following criteria:

(a) listing on department's roster of independent auditors authorized to conduct local government audits;

(b) independence, as defined by applicable auditing standards;

(c) demonstrated understanding of the work to be performed;

(d) technical experience of the independent auditor in conducting similar types of local government entity audits;

(e) qualifications of staff to be assigned to the audit;

(f) work history of the independent auditor; and

(g) the proposed audit fee.

(2) The department may require the local government entity to demonstrate that the independent auditor selected is qualified to conduct the audit based on an evaluation of:

(a) the criteria established in (1);

(b) any additional information requested by and used by the local government entity in selecting the independent auditor; and

(c) the results of oral interviews of independent auditors conducted by the local government entity, if appropriate.

History: 2-7-506, MCA; IMP, 2-7-506, MCA; NEW, 1992 MAR p. 1354, Eff. 7/1/92; TRANS, from Commerce, 2002 MAR p. 2649; AMD, 2007 MAR p. 964, Eff. 7/6/07.


 

 
MAR Notices Effective From Effective To History Notes
7/6/2007 Current History: 2-7-506, MCA; IMP, 2-7-506, MCA; NEW, 1992 MAR p. 1354, Eff. 7/1/92; TRANS, from Commerce, 2002 MAR p. 2649; AMD, 2007 MAR p. 964, Eff. 7/6/07.
7/1/1992 7/6/2007 History: 2-7-506, MCA; IMP, 2-7-506, MCA; NEW, 1992 MAR p. 1354, Eff. 7/1/92; TRANS, from Commerce, 2002 MAR p. 2649.
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