These regulations implement the Education Article, §5-109, Annotated Code of Maryland, which requires each local board of education to provide for an annual audit of its financial statements. The regulations also implement the Single Audit Act of 1984 and the Single Audit Act Amendments of 1996 and the Office of Management and Budget Circular A-133, Audits of States, Local Governments, and Non-Profit Organizations, which require State, local governments, and nonprofit organizations to provide for an annual audit of federal awards.

Authority: Education Article, §§2-205, 5-109, and 5-206, Annotated Code of Maryland

Effective date: January 28, 1970

Chapter revised effective June 7, 1983 (10:11 Md. R. 976)

Regulation .01E and F amended effective July 30, 1984 (11:15 Md. R. 1332)

Regulation .01, Annual Audit of Financial Accounts, repealed effective April 4, 1988 (15:7 Md. R. 850)

Regulations .01—.09, Annual Audits of Financial Statements and Federal Assistance Programs, adopted effective April 4, 1988 (15:7 Md. R. 850)

Regulation .03D amended effective October 16, 1989 (16:20 Md. R. 2181); August 3, 1992 (19:15 Md. R. 1392)

Regulation .03E—G amended effective August 15, 1994 (21:16 Md. R. 1386)

Regulation .04A amended effective August 3, 1992 (19:15 Md. R. 1392)

Regulation .04C amended effective August 15, 1994 (21:16 Md. R. 1386)

Regulation .04E amended effective October 16, 1989 (16:20 Md. R. 2181); August 15, 1994 (21:16 Md. R. 1386)

Regulation .04F, G amended effective August 15, 1994 (21:16 Md. R. 1386)

Regulation .05A amended effective August 15, 1994 (21:16 Md. R. 1386)

Regulation .08A amended effective August 15, 1994 (21:16 Md. R. 1386)

Chapter revised effective October 4, 1999 (26:20 Md. R. 1547)

Regulation .02B amended effective September 25, 2006 (33:19 Md. R. 1561)

Regulation .03B amended effective September 25, 2006 (33:19 Md. R. 1561); July 2, 2007 (34:13 Md. R. 1152)

Regulation .04 amended effective September 25, 2006 (33:19 Md. R. 1561)

Regulation .05 amended effective September 25, 2006 (33:19 Md. R. 1561)

Regulation .08 amended effective September 25, 2006 (33:19 Md. R. 1561)