                                 CODE OF VIRGINIA

INTERNAL AUDITOR; DUTIES (§ 2.2-2236.1)

A. The Board shall appoint an internal auditor, who shall not be a member of the
Board and who shall report directly to the Board. The internal auditor shall
have the following duties:

   1. Perform periodic audits, as deemed advisable by the internal auditor, on
   any operations, accounts, and transactions of the Authority, including the
   Division of Incentives, and report its findings to the Board; and

   2. Develop and implement an annual work plan that identifies anticipated
   auditing activities for the fiscal year. Prior to implementation, the work
   plan shall be presented by the auditor to the Board for approval by the
   executive committee of the Board at the last meeting of the executive
   committee in the fiscal year immediately preceding the year in which the
   annual work plan would become effective.

B. After review by the Board, a copy of the audit reports required by subsection
A shall be submitted to the special subcommittee for economic development of the
Joint Legislative Audit and Review Commission.

HISTORY: 2017, cc. 804, 824.