Indiana § 21-18-16-6 Audit of data submitted by educational institutions

Indiana Statutes

§ 21-18-16-6 — Audit of data submitted by educational institutions

Indiana·Title 21 HIGHER EDUCATION·Art. 18 COMMISSION FOR HIGHER EDUCATION·Ch. 16 Outcomes Based Funding Formula

(a)The commission shall biennially engage an independent third party examiner to audit the data submitted by each state educational institution for use within the outcomes based funding formula.

(b)If the audit required under subsection (a) is performed by the state board of accounts, the state educational institutions shall pay the actual and indirect costs of performing the audit.

(c)The commission shall promptly submit a copy of each audit report produced under subsection (a) to the audit and financial reporting subcommittee of the legislative council in an electronic format under IC 5-14-6.

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(a) The commission shall biennially engage
an independent third party examiner to audit the data submitted by each
state educational institution for use within the outcomes based funding
formula.
(b) If the audit required under subsection (a) is performed by the
state board of accounts, the state educational institutions shall pay the
actual and indirect costs of performing the audit.
(c) The commission shall promptly submit a copy of each audit
report produced under subsection (a) to the audit and financial
reporting subcommittee of the legislative council in an electronic
format under IC 5-14-6.

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