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S.F. No. 896 - County Audits Performed by a Certified Public Accountant (Second Engrossment)
 
Author: Senator Theodore J. "Ted" Daley
 
Prepared By: Alexis C. Stangl, Senate Counsel (651/296-4397)
 
Date: May 11, 2011



 

S.F. No. 896 allows counties and cities of the first class to use a certified public accountant firm (CPA firm) to perform audits instead of using the office of the state auditor.

Section 1 gives all counties the option to use a CPA firm to conduct the annual audit.  Current law requires the state auditor's office to perform the annual audit; some counties have been granted waivers  by the state auditor to allow them to use a CPA firm.

Audits conducted by a CPA firm must meet the requirements of the state auditor.  The state auditor must accept an audit by a CPA firm, unless the auditor determines it does not meet recognized industry auditing standards.

Section 2 gives all cities of the first class the option to use a CPA firm to conduct the annual audit.  Current law requires the state auditor's office to perform the annual audit.

Audits conducted by a CPA firm must meet the requirements of the state auditor.  The state auditor must accept an audit by a CPA firm, unless the auditor determines it does not meet the recognized industry auditing standards.

ACS/rdr

 
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