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34-1-2
Section 34-1-2 Definitions. THIS SECTION WAS AMENDED BY ACT 2018-106 IN THE 2018
REGULAR SESSION, EFFECTIVE MAY 1, 2018. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT. For purposes
of this chapter, the following words and phrases shall have the meanings respectively ascribed
in this section: (1) AICPA. The American Institute of Certified Public Accountants.
(2) ATTEST. Providing the following services: a. Any audit or other engagement to be performed
in accordance with the Statements on Auditing Standards (SAS). b. Any review of a financial
statement to be performed in accordance with the Statements on Standards for Accounting and
Review Services (SSARS). c. Any engagement to be performed in accordance with the Statements
on Standards for Attestation Engagements (SSAE). d. Any engagement to be performed in accordance
with the auditing standards of the Public Company Accounting Oversight Board (PCAOB). e. The
statements on standards specified in this definition shall be adopted by...
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34-1-16
Section 34-1-16 Acts declared unlawful. No person shall assume or use the title or designation
"certified public accountant," the abbreviation "CPA" or any other title,
designation, words, letters, abbreviation, sign, card, or device tending to indicate that
the person is a certified public accountant, unless the person has received a certificate
as a certified public accountant under Section 34-1-4 and if in public practice, holds
a permit issued under Section 34-1-11, which is not revoked or suspended, hereinafter
referred to as a live permit, and all of the offices of the person in this state for the practice
of public accounting are maintained and registered as required under Section 34-1-10,
or the person is practicing pursuant to Section 34-1-7; provided, however: (1) A foreign
accountant who has registered under Section 34-1-5 and who holds a live permit issued
under Section 34-1-11 may use the title under which he or she is generally known in
his or her country, followed by the...
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27-31A-3.1
Section 27-31A-3.1 Risk retention groups to comply with governance standards. (a) By
January 1, 2016, existing risk retention groups shall be in compliance with the governance
standards set forth in this section. New risk retention groups shall be in compliance
with these standards at the time of licensure. (b) The board of directors or board, as used
in this section, means the governing body of the risk retention group elected by the
shareholders or members to establish policy, elect or appoint officers and committees, and
make other governing decisions. Director, as used in this section, means a natural
person designated in the articles of the risk retention group, or designated, elected, or
appointed by any other manner, name, or title to act as a member of the board of directors.
(c)(1) The board of directors of the risk retention group shall have a majority of independent
directors. If the risk retention group is a reciprocal, then the attorney-in-fact would be
required to adhere...
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34-23-184
Section 34-23-184 Audit procedures; report. (a) The entity conducting an audit shall
follow these procedures: (1) The pharmacy contract shall identify and describe in detail the
audit procedures. (2) The entity conducting the on-site audit shall give the pharmacy written
notice at least two weeks before conducting the initial on-site audit for each audit cycle.
If the pharmacy benefit manager does not include their auditing guidelines within their provider
manual, then the notice must include a documented checklist of all items being audited and
the manual, including the name, date, and edition or volume, applicable to the audit and auditing
guidelines. For on-site audits a pharmacy benefit manager shall also provide a list of material
that is copied or removed during the course of an audit to the pharmacy. The pharmacy benefit
manager may document this material on either a checklist or on an audit acknowledgement form.
The pharmacy shall produce any items during the course of the...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/34-23-184.htm - 9K - Match Info - Similar pages
11-65-10
Section 11-65-10 Powers and duties of commission. When authorized by one or more elections
as provided in Section 11-65-4, a commission shall have the powers and duties necessary
to license, regulate, and supervise horse racing and pari-mutuel wagering thereon and greyhound
racing and pari-mutuel wagering thereon within the commission municipal jurisdiction, including,
without limiting the generality of the foregoing, the powers and duties hereinafter set forth
in this section or in other sections of this chapter. (1) A commission shall have succession
in perpetuity, subject only to the provisions of this chapter as it may be amended from time
to time. (2) A commission shall have the power to sue and be sued in its own name in civil
suits and actions and to defend suits against it. (3) A commission shall have the power to
adopt and make use of an official seal and to alter the same at pleasure. (4) A commission
shall have the power to adopt, alter, and repeal bylaws, regulations and...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/11-65-10.htm - 26K - Match Info - Similar pages
22-21-4
Section 22-21-4 Annual audit of books and records of publicly owned medical institutions.
(a) The books and records of publicly owned hospitals, nursing homes, rest homes or any other
publicly owned medical institution may, upon request of the governing board of the particular
institution, be audited annually by any certified public accountant who is subject to the
control of the Alabama State board of Public Accountancy. The selection of the certified public
accountant to perform the audit shall be the responsibility of the governing board of the
particular institution. Such audit, upon approval as provided in this section, shall
be in lieu of any audits otherwise required by law of said institutions. The audit to be performed
by the certified public accountant shall be in accordance with generally accepted auditing
standards and shall comply with the procedures promulgated by the Chief Examiner of Public
Accounts, and the audit report shall be addressed to the Chief Examiner of...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/22-21-4.htm - 2K - Match Info - Similar pages
41-4-50
Section 41-4-50 Established; functions and duties. There shall be in the Department
of Finance the division of control and accounts. The functions and duties of the division
of control and accounts shall be as follows: (1) To keep all books, records and accounts relating
to the finances of the state government (including the budget accounts) which are authorized
or required to be kept by the Department of Finance, in accordance with recognized standards
of public accounting and in such a manner as at all times to reveal the true financial status
of the state government and of each special fund and account in the State Treasury. (2) To
control and make records of all payments into and out of the State Treasury and each special
fund and account therein. (3) To audit currently all receipts and receivables. (4) To preaudit
and determine the correctness and legality of every claim and account submitted for the issuance
of a warrant and to determine that funds have been appropriated and...
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27-3A-5
Section 27-3A-5 Standards for utilization review agents. (a) Except as provided in subsection
(b), all utilization review agents shall meet the following minimum standards: (1) Notification
of a determination by the utilization review agent shall be mailed or otherwise communicated
to the provider of record or the enrollee or other appropriate individual within two business
days of the receipt of the request for determination and the receipt of all information necessary
to complete the review. (2) Any determination by a utilization review agent as to the necessity
or appropriateness of an admission, service, or procedure shall be reviewed by a physician
or determined in accordance with standards or guidelines approved by a physician. (3) Any
notification of determination not to certify an admission, service, or procedure shall include
the principal reason for the determination and the procedures to initiate an appeal of the
determination. (4) Utilization review agents shall maintain...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-3A-5.htm - 4K - Match Info - Similar pages
27-60-2
Section 27-60-2 Interstate Insurance Product Regulation Compact. The State of Alabama
hereby agrees to the following interstate compact known as the Interstate Insurance Product
Regulation Compact: ARTICLE I. PURPOSES. The purposes of this compact are, through means of
joint and cooperative action among the compacting states: 1. To promote and protect the interest
of consumers of individual and group annuity, life insurance, disability income, and long-term
care insurance products; 2. To develop uniform standards for insurance products covered under
the compact; 3. To establish a central clearinghouse to receive and provide prompt review
of insurance products covered under the compact and, in certain cases, advertisements related
thereto, submitted by insurers authorized to do business in one or more compacting states;
4. To give appropriate regulatory approval to those product filings and advertisements satisfying
the applicable uniform standard; 5. To improve coordination of...
alisondb.legislature.state.al.us/alison/CodeOfAlabama/1975/27-60-2.htm - 45K - Match Info - Similar pages
16-13A-7
Section 16-13A-7 Audits. (a)(1) The yearly business and financial transactions of a
local board of education shall be audited as early as possible after the end of the fiscal
year. (2) The audits of the books and accounts of local boards of education shall be conducted
by the Department of Examiners of Public Accounts. The Department of Examiners of Public Accounts
shall audit, review, and otherwise investigate the receipts and disbursements of funds of
each local board in the same manner as audits are performed on other agencies and departments
of the State of Alabama. (3) Any local board of education governing a city school system,
other than those city systems required by law to be audited by the Department of Examiners
of Public Accounts on June 1, 2006, may employ a certified public accounting firm or firms
or use the Department of Examiners of Public Accounts to perform its yearly financial audit
of its books and accounts including a legal compliance audit and program compliance...
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