HB 1041 IN

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Became Law

Provides that the state board of accounts (SBOA) is designated as the independent external auditor of audited entities and is subject to applicable professional accounting standards. Requires annual reports to be prepared, verified, and filed with the state examiner as set forth in the uniform compliance guidelines. Requires all appointments of field examiners be made solely upon the ground of fitness in accordance with professional accounting and auditing standards. Provides that if an examination of an audited entity is unable to be performed because the audited entity's accounts, records, files, or reports are not properly maintained or reconciled, the audited entity may be declared to be unauditable. Provides that an audited entity that is declared unauditable shall bring its accounts, records, files, or reports into an auditable condition within 90 days. Requires the SBOA to publish a list of audited entities declared unauditable on its website. Revises conditions under which the state examiner may undertake an examination based on a violation of the law. Requires the SBOA to approve a request by an audited entity to opt out of examinations and engage a certified public accountant to conduct examinations if, within the last six years, the SBOA has not issued an examination or special investigation report critical of the audited entity's internal controls and there have been no adverse reports. Provides that the SBOA may terminate its approval of the use of a certified public accountant if certain requirements are not met. Revises the provision regarding field examiner traveling expenses. Makes changes to certain reporting, resolution, and disclosure requirements. Simplifies the provision regarding parties and a plaintiff's right of recovery. Removes provisions regarding additional powers of the state examiner and attorney general. Provides that if the attorney general brings an action against an official bond, official bonds, or a crime insurance policy, the cause may be brought in the name of the state of Indiana upon the relation of the attorney general as plaintiff. Repeals a provision regarding the withdrawal or removal of counties from solid waste management districts. Repeals a provision regarding bonds and crime policies for faithful performance. Repeals a provision regarding examination reports, requisites, performance of public works, and SBOA powers. Repeals a provision regarding copies of reports filed with libraries, public inspections, and request renewals. Makes technical and conforming changes.

• Matt Lehman Republican · author
• Eric Bassler Republican · sponsor
• Mike Gaskill Republican · sponsor

1. Jan 9, 2023 Coauthored by Representative Porter · lower
2. Jan 9, 2023 Authored by Representative Lehman · lower
3. Jan 9, 2023 First reading: referred to Committee on Government and Regulatory Reform · lower
4. Jan 17, 2023 Committee report: do pass, adopted · lower
5. Jan 17, 2023 Representatives Miller D and Negele added as coauthors · lower
6. Jan 19, 2023 Amendment #1 (Lehman) prevailed; voice vote · lower
7. Jan 19, 2023 Second reading: amended, ordered engrossed · lower
8. Jan 23, 2023 Senate sponsor: Senator Bassler · lower
9. Jan 23, 2023 Third reading: passed; Roll Call 17: yeas 98, nays 0 · lower
10. Jan 24, 2023 Referred to the Senate · lower
11. Feb 23, 2023 First reading: referred to Committee on Tax and Fiscal Policy · upper
12. Mar 14, 2023 Committee report: do pass, adopted · upper
13. Mar 28, 2023 Amendment #2 (Bassler) prevailed; voice vote · upper
14. Mar 28, 2023 Second reading: amended, ordered engrossed · upper
15. Mar 28, 2023 Senator Gaskill added as second sponsor · upper
16. Mar 30, 2023 Third reading: passed; Roll Call 277: yeas 47, nays 0 · upper
17. Mar 31, 2023 Returned to the House with amendments · upper
18. Apr 4, 2023 Motion to concur filed · lower
19. Apr 6, 2023 House concurred in Senate amendments; Roll Call 370: yeas 89, nays 0 · lower
20. Apr 11, 2023 Signed by the Speaker · lower
21. Apr 13, 2023 Signed by the President Pro Tempore · upper
22. Apr 18, 2023 Signed by the President of the Senate · upper
23. Apr 20, 2023 Signed by the Governor · executive
24. Apr 20, 2023 Public Law 59 · lower

The published texts of this bill as it moves through the legislature. Each links to the official document on the state legislature site. Data from OpenStates.

• Enrolled House Bill (H) · Apr 6, 2023 · PDF
• Introduced House Bill (H) · Jan 5, 2023 · PDF
• House Bill (H) · Jan 17, 2023 · PDF
• Engrossed House Bill (H) · Jan 19, 2023 · PDF
• House Bill (S) · Mar 14, 2023 · PDF
• Engrossed House Bill (S) · Mar 28, 2023 · PDF