MS HB1223

Requires 13 Mississippi public universities and 19 state agencies to employ an internal audit director and implement internal auditing programs, removing previous language that made this contingent on specific funding appropriations

Removes community and junior colleges from the direct requirement to employ individual internal audit directors

Establishes a centralized internal audit unit at the Mississippi Community College Board to serve all 15 community and junior colleges statewide, contingent on the Legislature appropriating funds specifically for this purpose

Requires internal audit organizations to maintain independence from staff or line management functions subject to audit, with termination of audit directors requiring seven-day notification to the State Auditor

Effective date of July 1, 2022