4-2-17. Timely audit.
For purposes of §§4-2-15 and 4-2-16, an audit is timely if the audit report is submitted to the Department of Legislative Audit not later than eighteen months following the end of the entity's fiscal year. If the entity is performing a two-year audit, the audit is timely if the audit report is submitted to the department not later than eighteen months following the end of the entity's second fiscal year covered by the audit.
Source: SL 2018, ch 43, §3, effective for audits of periods ending on or after June 30, 2018.
Structure South Dakota Codified Laws
Title 4 - Public Fiscal Administration
Chapter 02 - Department Of Legislative Audit
Section 4-2-1 - Department continued--Seal.
Section 4-2-2 - Qualifications and appointment of auditor-general--Term--Vacancies.
Section 4-2-4 - Salary of auditor-general.
Section 4-2-5 - Removal of auditor-general from office.
Section 4-2-6 - Employment of personnel for department--Traveling expenses.
Section 4-2-7 - Employment of additional personnel for follow-up services.
Section 4-2-8 - Executive Board of Legislative Research Council to direct activities.
Section 4-2-9 - Access to books and property for investigations--Space and equipment.
Section 4-2-11 - Failure to permit access or obey subpoena--Punishment as contempt.
Section 4-2-14 - Districts filing annual report may be audited.
Section 4-2-15 - Publication of notice of certain entities' failure to submit timely audit report.