A bill for an act relating to audits of governmental subdivisions by the state auditor concerning suspected embezzlement, theft, or other significant financial irregularities.

Summary

The bill requires the Iowa State Auditor to cooperate with a certified public accountant and the reporting governmental subdivision when suspected embezzlement, theft, or major financial irregularities are flagged. The auditor decides whether to conduct further investigative procedures, and the subdivision must reimburse the auditor for any audit actions, limited to the amount of public funds determined to have been misused. It targets cities, counties, schools, hospitals, and other defined subdivisions to improve financial accountability.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

Topics

Share