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Published on Friday, February 19, 2016

Allowing audits to be conducted by a private entity

Last week the House of Representatives passed an amended version of HB 2148, concerning the State Auditor allowing audits to be conducted by a private entity. The amended version allows local governments to request a financial audit from a CPA firm in lieu of an audit by the State Auditor. In addition, the bill specifies that the State Auditor must provide up to 60 days to discuss audit findings with the entity audited, and reconcile the audit report and findings prior to publishing the audit report.

Categories: Budget & finance
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