74-8776. Audits; procurement of firm or firms to perform audit work.

258 words·~1 min read·/ks/chapter-74/74-8776

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(a)In the procurement of a firm or firms to perform an audit required by K.S.A. 74-8774 , and amendments thereto, the executive director of the Kansas lottery shall encourage firms engaged in the lawful practice of their professions to place their names on a list maintained by the executive director of firms to receive requests for proposals on audit contracts.

(b)The executive director of the Kansas lottery shall establish specifications for the conduct by a firm or firms of an audit required by K.S.A. 74-8774 , and amendments thereto. The specifications shall be used in preparing requests for proposals and evaluating the proposals received.

(c)For all audits required by K.S.A. 74-8774 , and amendments thereto, the executive director of the Kansas lottery shall issue a request for proposals to all firms who have requested to be on the firm list and others who request a copy after notice in the Kansas register. The request for proposals shall request information on the firm's qualifications, the qualifications of staff to be assigned to the job, the firm's technical approach to the audit and the fee. The executive director shall evaluate the proposals received in response to the requests for proposals and for each audit shall prepare a list of at least three and not more than five firms that are, in the opinion of the executive director, qualified to perform such audit or audits. Such list shall be submitted to the Kansas lottery audit contract committee.