124106 Local agency audit by certified public accountant or public accountant au.doc

The document outlines regulations regarding audits for local agencies in California. It specifies that audits must be conducted by certified public accountants or public accountants licensed by the California Board of Accountancy. Starting from the 2013–14 fiscal year, a local agency cannot hire a public accounting firm if certain audit partners have worked with the agency for six consecutive fiscal years, unless a waiver is granted by the Controller. The Controller has the authority to waive this requirement if another eligible public accounting firm is not available to conduct the audit.