Indiana § 4-30-19-1 Authority to contract with a certified public accountant to perform
financial audit

Indiana Statutes

§ 4-30-19-1 — Authority to contract with a certified public accountant to perform financial audit

Indiana·Art. 30 INDIANA STATE LOTTERY·Ch. 19 Annual Audit of Financial Records and Reports

The budget agency may contract with a
certified public accountant for an annual financial audit of the
commission. The certified public accountant may not have a significant
financial interest, as determined by the commission, in a vendor or
retailer with whom the commission is under contract. The certified
public accountant shall present an audit report not later than seven (7)
months after the end of each fiscal year and shall make
recommendations to enhance the earning capability of the lottery and
to improve the efficiency of commission operations. The certified
public accountant shall perform a study and evaluation of internal
accounting controls and shall express an opinion on the controls that
were in effect during the audit period. The commission shall pay the
cost of the annual fi

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The budget agency may contract with a
certified public accountant for an annual financial audit of the
commission. The certified public accountant may not have a significant
financial interest, as determined by the commission, in a vendor or
retailer with whom the commission is under contract. The certified
public accountant shall present an audit report not later than seven (7)
months after the end of each fiscal year and shall make
recommendations to enhance the earning capability of the lottery and
to improve the efficiency of commission operations. The certified
public accountant shall perform a study and evaluation of internal
accounting controls and shall express an opinion on the controls that
were in effect during the audit period. The commission shall pay the
cost of the annual financial audit.

Indiana § 4-30-19-1 (Authority to contract with a certified public accountant to perform financial audit) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.