Will internal auditors be able to perform the attestation audits under the direct supervision of an independent CPA firm? Can the internal audit department meet the attestation requirement using CPAs rather than CIAs?
See More Frequent Questions about Fuels Registration, Reporting, and Compliance Help. Section 80.125(c) provides that an independent CPA (or firm of CPAs) engaged by a refiner, importer or oxygenate blender may complete the attest engagement requirements with the assistance of internal auditors so long as such assistance is in accordance…