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IN SB0326
Bill
AI Summary
SB 326 Summary
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Allows the state board of accounts to determine examination frequency based on risk-based criteria approved by the audit and financial reporting subcommittee, rather than conducting examinations on a fixed schedule.
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Changes certain financial examinations from mandatory advance notice to discretionary (may instead of shall be made without notice).
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Designates examination results as confidential until the state examiner approves and releases them for publication, with limited exceptions for law enforcement and other authorized officials.
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Restricts disclosure of examination workpapers and investigation records to state board employees, audit committee members, law enforcement, and authorized federal representatives only if they enter confidentiality agreements.
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Establishes fraud hotline provisions allowing unit executives and fiscal officers to create telephone numbers for reporting suspected fraudulent activity by officers or employees, with hotline caller identity and information exempt from public disclosure.
Legislative Description
State board of accounts examinations. Permits the state board of accounts to determine the frequency with which the state board of accounts conducts financial examinations based on risk based criteria approved by the audit and financial reporting subcommittee of the legislative council. Specifies that certain examinations by the state board of accounts may (rather than must, under current law) be made without notice. Indicates that the results of an examination of the state board of accounts are confidential until approved and released for publication by the state examiner. Permits disclosure under certain circumstances. Provides that the state board of accounts
Last Action
First Reading: referred to Committee on Government and Regulatory Reform
3/2/2015