Code of Virginia § 10.1-1025. Forms of accounts and records; audit of same.
116 words·~1 min read·
/va/title-10-1/chapter-10-2/10-1-1025·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The accounts and records of the Foundation showing the receipt and disbursement of funds from whatever source derived shall be in such form as the Auditor of Public Accounts prescribes, provided that such accounts shall correspond as nearly as possible to the accounts and records for such matters maintained by similar enterprises. The accounts and records of the Foundation shall be subject to audit by the Auditor of Public Accounts or his legal representative as determined necessary by the Auditor of Public Accounts, and the costs of such audit services shall be borne by the Foundation. The Foundation's fiscal year shall be the same as the Commonwealth's.
1992, c. 426; 2018, cc. 57 , 307 .