New York Codes Rules Regulations (Last Updated: March 27,2024) |
TITLE 2. Department of Audit and Control |
Chapter IV. Miscellaneous Rules |
Part 150. Service Award Programs for Volunteer Ambulance Workers |
Sec. 150.17. Auditing
Latest version.
- Service award programs shall be audited annually by an independent certified public accounting firm of recognized standing in the industry. Financial statements shall include the status of investments, a valuation of each investment and a valuation of investment holdings in the aggregate. The audit shall be performed in accordance with generally accepted auditing standards and financial statements shall be prepared in accordance with generally accepted accounting principles. Marketable securities shall be valued at market value.