Statute 46-1126: Contracts for financial-compliance audits; professional
liability insurance; responsibilities of selected firm.
(a) Each contract for a financial-compliance audit of a state agency entered
into under
K.S.A. 46-1123 and
46-1125 and amendments to these sections shall
be entered into between the post auditor and the firm selected to
perform the financial-compliance audit. Each such contract shall
require the firm selected to perform the financial-compliance audit to
submit evidence which is satisfactory to the contract audit committee
that the firm has general professional liability insurance or specific
professional liability insurance which is adequate for such audit.
(b) In addition to the requirements in subsection (a), each such
contract for financial-compliance audit services shall specify the
responsibilities undertaken by the firm selected to perform such audit
and that such firm shall be responsible for all material errors and
omissions in the performance of such contract.
(c) Such contracts shall not be subject to the provisions of K.S.A. 75-3739
and amendments thereto.
History: L. 1980, ch. 153, § 7; L. 1984, ch. 191, § 13; Feb. 16.