WILLIAM DONALD SCHAEFER, Governor

Ch. 236

(d) As soon as practical after the closing of the fiscal
year, an audit shall be made of the financial books, records, and
accounts of the Corporation. The audit shall be made by
independent certified public accountants, selected by the
Corporation[,] and licensed to practice in the State [as
auditors]. The [auditors] ACCOUNTANTS may not have a personal
interest either directly or indirectly in the fiscal affairs of
the Corporation. They shall be experienced and qualified in the
accounting and auditing of public bodies. The [auditors]
ACCOUNTANTS shall report the results of their examination,
including their unqualified opinion on the presentation of the
financial position of the various funds and the results of the
Corporation's financial operations. If they are unable to
express an unqualified opinion they shall state and explain in
detail the reasons for their qualifications, disclaimer, or
opinion including recommendations necessary to make possible
future unqualified opinions.

6-304.

(a) The Administration shall provide for a system of
financial accounting, controls, audits, and reports. All
accounting systems and records, auditing procedures and
standards, and financial reporting of the Administration shall
conform to generally accepted accounting principles. As soon as
practical after the closing of the fiscal year, an audit shall be
made of the financial books, records, and accounts of the
Administration. The audit shall be made by independent
certified public accountants who are selected by the
Administration and who are licensed to practice in the State [as
accountants]. The accountants may not have a personal interest
either directly or indirectly in the fiscal affairs of the
Administration. They shall be experienced and qualified in the
accounting and auditing of public bodies. The report of audit
shall be prepared in accordance with generally accepted auditing
standards and point out any irregularity found to exist. The
[auditors] ACCOUNTANTS shall report the results of their
examination including their unqualified opinion on the
presentation of the financial position of the various funds and
the results of the financial operations of the Administration.
If they are unable to express an unqualified opinion they shall
state and explain in detail the reasons for their qualifications,
disclaimer, or opinion and they shall include their
recommendations as to what actions are necessary to make possible
future unqualified opinions.

Article 95A - Unemployment Insurance Law

20.

As used in this article, unless the context clearly requires
otherwise:

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