Plain English Breakdown
Checked against official source text during the last sync.
Indiana State Board of Accounts Changes
This law requires the state board of accounts to follow professional auditing standards and mandates that the governor appoint two deputy examiners with specific qualifications.
What This Bill Does
- Makes the Indiana State Board of Accounts follow applicable professional auditing standards.
- Requires the governor to appoint one deputy examiner who must be a certified public accountant (CPA).
- Requires the governor to also appoint another deputy examiner, who can either be a CPA or an attorney licensed in Indiana.
Who It Names or Affects
- The state board of accounts.
- The governor and those involved in appointments.
Terms To Know
- Certified Public Accountant (CPA)
- A professional who has passed a special exam to work as an accountant with high standards.
- Attorney
- A person licensed to practice law and give legal advice.
Limits and Unknowns
- The bill does not specify when the new rules will start.
- It is unclear how many deputy examiners were appointed before this change.