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.
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