Iowa SF2245 mandates audits of governmental subdivisions for suspected embezzlement, theft, or financial irregularities.

Iowa SF2245 establishes procedures for audits of governmental subdivisions when suspected embezzlement, theft, or other significant financial irregularities are reported. Upon notification by a certified public accountant and the governmental subdivision, the auditor of state must determine if further investigation is needed. The governmental subdivision is required to reimburse the auditor of state for any actions taken to investigate the reported misuse of public funds. The costs assessed cannot exceed the amount of the public funds misused as determined by the auditor.

Iowa SF2245 mandates audits of governmental subdivisions for suspected embezzlement, theft, or financial irregularities.

Iowa SF2245 establishes procedures for audits of governmental subdivisions when suspected embezzlement, theft, or other significant financial irregularities are reported. Upon notification by a certified public accountant and the governmental subdivision, the auditor of state must determine if further investigation is needed. The governmental subdivision is required to reimburse the auditor of state for any actions taken to investigate the reported misuse of public funds. The costs assessed cannot exceed the amount of the public funds misused as determined by the auditor.