AUDIT CHANGES

Summary

The bill amends the state Audit Act to update the definitions of "agency" and "local public body" and to establish new audit and reporting standards. Every state agency must receive an annual audit and, beginning fiscal year 2028, a federal single audit, while local public bodies face audit requirements that depend on their revenue size and use of capital‑outlay funds. The goal is to improve financial oversight while matching reporting burdens to the size of the entity.

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