Sec. 30. (a) An audited entity may request that an examination conducted by the state board of accounts be conducted in accordance with generally accepted accounting principles. A request by a public officer must be approved by resolution adopted by the legislative body for the audited entity.
(b) The state board of accounts shall, not more than sixty (60) days after receiving a request under subsection (a):
(1) acknowledge receipt of the request; and
(2) notify the requesting public officer or legislative body that the request is:
(A) approved; or
(B) disapproved.
(c) The state board of accounts shall approve a request under subsection (a) unless the state examiner determines that:
(1) the audited entity, under the guidelines established by the state board of accounts, did not request the audit within sixty (60) days after the close of the audited entity's fiscal year;
(2) the audited entity does not conduct its accounting according to generally accepted accounting principles;
(3) the audited entity did not maintain the audited entity's financial records during the preceding year on a generally accepted accounting principles basis;
(4) the annual financial statements and notes to the financial statements are not presented or will not be presented to the state board of accounts for audit on the schedule agreed to by the state examiner; or
(5) the audited entity does not follow the other guidelines established by the state board of accounts.
As added by P.L.181-2015, SEC.18.
Structure Indiana Code
Title 5. State and Local Administration
Article 11. Accounting for Public Funds
Chapter 1. State Board of Accounts Created
5-11-1-1. Establishment; Members; Appointment; Qualifications; Terms; Tenure
5-11-1-2. System of Accounting and Reporting
5-11-1-7. Field Examiners; Private Examiners; State Colleges and Universities; Experts
5-11-1-9.3. Examination of Certain Bodies Corporate and Politic
5-11-1-9.5. Confidential Reporting; Grounds for Examination; Retaliation; Relief
5-11-1-9.7. Withdrawal or Removal of Counties From Solid Waste Management Districts
5-11-1-11. Records of Money Collected; Public Inspection
5-11-1-13. Warrants or Checks of State or Municipality; Receipts or Quietus; Correctness of Claims
5-11-1-14. Salaries and Traveling Expenses of State Examiner, Deputies, and Assistants
5-11-1-15. Bonds and Crime Policies for Faithful Performance
5-11-1-18. Examinations Without Notice; Disclosure; Offense
5-11-1-19. Copyrighting Uniform Bookkeeping System; Purchase of Public Office Supplies
5-11-1-24. Uniform Compliance Guidelines for Examinations and Reports
5-11-1-26. Examination Reports; Requisites; Performance of Public Works; Powers of Board
5-11-1-28. Annual Internal Audit and Report Required for Certain Agencies
5-11-1-28.2. Access to Statement Filed by Financial Institutions
5-11-1-29. Access to Software Supplied to a Political Subdivision
5-11-1-30. Request for Examination According to Generally Accepted Accounting Principles
5-11-1-31. Examination of School Corporations; Revenue Spending Plans