News

2018-08-29
Withdrawal of proposed changes to audit rule

The proposed changes to the audit rule were discussed at a public hearing on August 20, 2018.
In response to the comments expressed at that hearing, the proposed audit rule changes have been
withdrawn. Although not required, we strongly recommend that the independent public accountants
work with each agency they audit to facilitate the reconciliation of the SHARE balances to the audited
financial statements. There is currently a requirement by DFA the each agency perform this
reconciliation.
All due dates remain as stated in the 2018 audit rule. Late submission will result in an audit finding.