2 AAC 45.090 - Definitions

For purposes of this chapter, unless the context otherwise requires,

(1) "audit period" means the entity's fiscal year in which the entity expended financial assistance;

(2) "entity" does not include

(A) the University of Alaska or any other state agency;

(B) a for-profit entity; and

(C) a non United States based entity;

(3) "financial assistance" means state grants, contracts, provider agreements, cooperative agreements, and all forms of state financial assistance to an entity; "financial assistance" includes all forms of state financial assistance provided through an entity to a third party;

(4) "known questioned costs" means those questioned costs specifically identified by the auditor in the audit conducted under this chapter;

(5) repealed 3/31/2008;

(6) "department" means the Department of Administration;

(7) "significant deficiencies" has the meaning given in the Codification of Statements on Auditing Standards adopted by reference in 2 AAC 45.010(c).

Notes

2 AAC 45.090

Eff. 7/1/98, Register 146; am 3/31/2008, Register 185; am 8/1/2008; am 4/1/2017, Register 221, April 2017

Authority:AS 37.05.020

AS 37.05.190