|02/11/21: to Committee on Committees (H)
|AN ACT relating to county audits.
|Fiscal Impact Statement
|Bill Request Number
|Summary of Original Version
|Amend KRS 43.070 to limit counties to bearing one-half of the expense of annual audits conducted by the Auditor of Public Accounts; require that the county not be liable for the expense of audits conducted by the Auditor of Public Accounts not completed by August 1 after the calendar year audited regarding a county official and February 1 following the fiscal year audited regarding a county budget; amend KRS 64.810 to require a fiscal court, county clerk, or sheriff to give notice to the Auditor of Public Accounts regarding intent to hire a certified public accountant to conduct an audit required under KRS 43.070 at least 120 days prior to the close of the period to be audited; require that contracts issued to certified public accountants be awarded by competitive bid.
|Index Headings of Original Version
Auditor of Public Accounts - Local government audits, deadlines, establishment
Auditor of Public Accounts - Local government audits, expenses, limitation
Counties - Certified public accountants, state Auditor, intent to hire, notice
Accountants - Local government audits, competitive bid, awarded by
Local Mandate - Local government audits, deadlines, establishment
Last updated: 11/9/2023 2:52 PM (EST)