Indiana Code
Chapter 1. State Board of Accounts Created
5-11-1-9.3. Examination of Certain Bodies Corporate and Politic

Sec. 9.3. (a) This section applies only to a body corporate and politic whose enabling statute does not provide for an annual audit, examination, or other engagement by:
(1) the state board of accounts; or
(2) an independent public accounting firm;
concerning financial or compliance related matters of the body corporate and politic.
(b) This section does not affect a body corporate and politic whose enabling statute provides for an annual audit, examination, or other engagement by the state board of accounts or an independent public accounting firm.
(c) As used in this section, "audit committee" refers to the audit and financial reporting subcommittee of the legislative council established by IC 2-5-1.1-6.3(b).
(d) As used in this section, "enabling statute" refers to a statute, including a statute enacted after June 30, 2020, that establishes a body corporate and politic.
(e) The state board of accounts may conduct an examination of a body corporate and politic described in this section. The state board of accounts shall permit a body corporate and politic to request in writing to the state examiner that an examination under this section be performed by an independent public accounting firm. The state examiner may approve a request under this section based on the applicable risk based examination criteria described in and approved under section 25 of this chapter.
(f) If a request under subsection (e) for an independent public accounting firm to conduct an examination is denied by the state examiner, the body corporate and politic may file an appeal of the denial with the audit committee. The audit committee shall hold a public hearing concerning the appeal and prepare a written decision determining whether the independent public accounting firm selected by the body corporate and politic is permitted to conduct the examination under this section. The audit committee's written decision is binding, and the state board of accounts shall allow the independent public accounting firm to conduct the examination if the audit committee determines the independent public accounting firm is permitted. The audit committee shall provide a copy of the written decision to the state board of accounts and to the body corporate and politic. The audit committee shall post a copy of the written decision on the audit committee's Internet web site.
(g) An examination of a body corporate and politic conducted under this section by the state board of accounts or an independent public accounting firm shall be filed with:
(1) the state board of accounts in the manner provided by this article; and
(2) the auditor of state.
As added by P.L.157-2020, SEC.5.

Structure Indiana Code

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

5-11-1-3. Separate Accounts

5-11-1-4. Annual Report Required for Approval of Budget, Supplemental Appropriations or for Issuance of Debt

5-11-1-5. Repealed

5-11-1-6. Forms of Reports

5-11-1-7. Field Examiners; Private Examiners; State Colleges and Universities; Experts

5-11-1-8. Field Examiners

5-11-1-9. Financial Examinations; Required Inquiries; Inefficiencies Encountered; Witnesses; Records; Process; Iedc Waiver

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

5-11-1-10. Failure to File Report; Interference With Examiners; Offense; Forfeiture of Office and Alternative

5-11-1-11. Records of Money Collected; Public Inspection

5-11-1-12. Repealed

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

5-11-1-16. Definitions

5-11-1-17. Repealed

5-11-1-18. Examinations Without Notice; Disclosure; Offense

5-11-1-19. Copyrighting Uniform Bookkeeping System; Purchase of Public Office Supplies

5-11-1-20. Repealed

5-11-1-21. Mandatory Adoption of Uniform System; Refusal to Adopt or Failure to Use; Offense; Penalty; Forfeiture of Office and Alternative

5-11-1-22. Repealed

5-11-1-23. Repealed

5-11-1-24. Uniform Compliance Guidelines for Examinations and Reports

5-11-1-24.4. Opt Out of State Board of Accounts Examination; Selection of Certified Public Accountant to Perform Examination; Examination Report

5-11-1-25. Risk Based Examination Criteria Used to Determine Examination Frequency; Biennial School Corporation Examinations

5-11-1-26. Examination Reports; Requisites; Performance of Public Works; Powers of Board

5-11-1-27. Local Governmental Internal Controls; Personnel Training; Violations; Reporting Misappropriations

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