§ 1227.301. What are a State's responsibilities if it performs audits?
139 words·~1 min read·
/us/cfr/t30/s§ 1227.301·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
If you perform audits you must:
(a)Comply with the ONRR Audit Procedures Manual and the Government Auditing Standards issued by the Comptroller General of the United States;
(b)Follow the ONRR Annual Audit Work Plan and 5-year Audit Strategy, which ONRR will develop in consultation with States having delegated audit authority;
(c)Agree to undertake special audit initiatives ONRR identifies targeting specific royalty issues, such as valuation or volume determinations;
(d)Prepare, construct, or compile audit work papers under the appropriate procedures, manuals, and guidelines;
(e)Prepare and submit ONRR Audit Work Plans. You may modify your Audit Work Plans with ONRR approval; and
(f)Comply with procedures for appealed demands or orders, including meeting timeframes, supplying information, and using the appropriate format. \[62 FR 43084, Aug. 12, 1997, as amended at 75 FR 61087, Oct. 4, 2010\]