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 a certified public accountant and a local government to work with the state auditor when suspected embezzlement or theft is reported. The auditor decides whether to conduct an investigation, and the local entity must reimburse any audit expenses, but not more than the amount of funds found to be misused. This aims to ensure swift, accountable reviews of financial irregularities in Iowa’s subdivisions.

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

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