| (a) A public junior college shall report financial
and academic data to the Coordinating Board under §13.524 of
this subchapter (relating to Required Reporting).
(b) The Chief Audit Executive may conduct compliance
monitoring or audits of public junior colleges' compliance with Texas
Education Code, Chapter 130A, the General Appropriations Act, and
other related formula funding statutes.
(c) In conducting an audit or compliance monitoring
under this section, the Coordinating Board may request the assistance
of the internal audit office at an institution of higher education
and private or independent institution of higher education, as institutional
resources allow, to examine the institution's use of funds allocated
by, and data reported to, the Coordinating Board.
(d) To avoid duplication of effort and assist the Coordinating
Board in identifying risk, an internal auditor at an institution shall
notify the Coordinating Board of any audits conducted by the institution's
internal or external auditor involving funds allocated or administered
by the Coordinating Board or data reported to the Coordinating Board.
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