The Board proposes the rule promulgations in order to specify the standards for various types of audits.

DEPARTMENT OF BUSINESS AND PROFESSIONAL REGULATION
Board of Accountancy

RULE NO: RULE TITLE
61H1-22.0081: Standards for Florida Single Audit Act Audits for Nonprofit and For-Profit Organizations.
61H1-22.0082: Standards for Audits of Certain Nonprofit Organizations.
61H1-22.0083: Standards for Audits of District School Boards.
61H1-22.0084: Standards for Audits of Charter Schools and Similar Entities.
PURPOSE AND EFFECT: The Board proposes the rule promulgations in order to specify the standards for various types of audits.
SUMMARY: The standards for various types of audits will be specified.
SUMMARY OF STATEMENT OF ESTIMATED REGULATORY COSTS: No Statement of Estimated Regulatory Cost was prepared.
Any person who wishes to provide information regarding a statement of estimated regulatory costs, or provide a proposal for a lower cost regulatory alternative must do so in writing within 21 days of this notice.
SPECIFIC AUTHORITY: 473.304, 473.315 FS., Chapter 79-202, Laws of Florida.
LAW IMPLEMENTED: 473.315 FS., Chapter 79-202, Laws of Florida.
IF REQUESTED WITHIN 21 DAYS OF THE DATE OF THIS NOTICE, A HEARING WILL BE SCHEDULED AND ANNOUNCED IN FAW.
THE PERSON TO BE CONTACTED REGARDING THE PROPOSED RULE IS: Veloria Kelly, Division Director, Board of Accountancy, 240 N. W. 76th Dr., Suite A, Gainesville, Florida 32607

THE FULL TEXT OF THE PROPOSED RULE IS:

61H1-22.0081 Standards for Florida Single Audit Act Audits for Nonprofit and For-Profit Organizations.

Licensees performing accounting services in connection with Standards for Florida Single Audit Act Audits for Nonprofit and For-Profit Organizations required by Section 215.97, Florida Statutes to be filed with the Auditor General of the State of Florida shall comply with the standards set forth in Chapter 10.650, Rules of the Auditor General of the State of Florida. Departures from such standards must be justified by those who do not follow them.

Specific Authority 473.304, 473.315 FS. Law Implemented 473.315 FS. History–New_________.

 

61H1-22.0082 Standards for Audits of Certain Nonprofit Organizations.

Licensees performing accounting services in connection with Standards for Audits of Certain Nonprofit Organizations required by Sections 215.981(1), 1001.453(4), 1004.28(5), or 1004.70(6), Florida Statutes to be filed with the Auditor General of the State of Florida shall comply with the standards set forth in Chapter 10.700, Rules of the Auditor General of the State of Florida. Departures from such standards must be justified by those who do not follow them.

Specific Authority 473.304, 473.315 FS. Law Implemented 473.315 FS. History–New__________.

 

61H1-22.0083 Standards for Audits of District School Boards.

Licensees performing accounting services in connection with Standards for Audits of District School Boards required by Sections 11.45 or 218.39, Florida Statutes to be filed with the Auditor General of the State of Florida shall comply with the standards set forth in Chapter 10.800, Rules of the Auditor General of the State of Florida. Departures from such standards must be justified by those who do not follow them.

Specific Authority 473.304, 473.315 FS. Law Implemented 473.315 FS. History–New_________.

 

61H1-22.0084 Standards for Audits of Charter Schools and Similar Entities.

Licensees performing accounting services in connection with Standards for Audits of Charter Schools and Similar Entities required by Sections 218.39 or 1002.37, Florida Statutes to be filed with the Auditor General of the State of Florida shall comply with the standards set forth in Chapter 10.850, Rules of the Auditor General of the State of Florida. Departures from such standards must be justified by those who do not follow them.

Specific Authority 473.304, 473.315 FS. Law Implemented 473.315 FS. History–New_________.

NAME OF PERSON ORIGINATING PROPOSED RULE: Board of Accountancy
NAME OF SUPERVISOR OR PERSON WHO APPROVED THE PROPOSED RULE: Board of Accountancy
DATE PROPOSED RULE APPROVED BY AGENCY HEAD: October 19, 2007
DATE NOTICE OF PROPOSED RULE DEVELOPMENT PUBLISHED IN FAW: November 16, 2007