OAR 845-020-0060: Independent Audit Standards and Procedures

(1) Within six months of the date that the Commission receives reports required by 459A.718(5)(b) from a distributor cooperative, distributor or importer, the Commission may require that a distributor cooperative, distributor or importer undergo an independent audit to determine the accuracy of information contained in the report. (2) The distributor cooperative, distributor or importer shall use an independent auditor that: (a) Is registered to do business in Oregon; and (b) Is registered with the Oregon Board of Accountancy. (3) The independent audit shall determine the accuracy of the information contained in the reports required by ORS 459A.718(5). (4) Any violation discovered by the Commission may be subject to a civil penalty under ORS 459A.717. (5) The Commission shall adhere to all pertinent and applicable laws concerning any public disclosures.