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MI HB5526
Bill
Status
Introduced
3/29/2012
Primary Sponsor
Sharon Tyler
Click for details
AI Summary
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Prohibits audits conducted by the Department of Treasury or hired auditors from being performed on a contingent fee basis.
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Prevents compensation methods that could impair an auditor's independence or the public's perception of auditor independence.
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Applies to all audits conducted under the Revenue Collection Act of 1941.
Legislative Description
State; audits; contingent fee for state audits; prohibit. Amends 1941 PA 122 (MCL 205.1 - 205.31) by adding sec. 6b.
State, audits
Last Action
Printed Bill Filed 03/29/2012
4/17/2012
Committee Referrals
Tax Policy3/29/2012
Full Bill Text
No bill text available