Bill > H4

This bill aims to update and standardize the schedules for statutory audits, which are official examinations of financial records and operations, by removing specific timeframes like "annual" or "biennial" (meaning every two years) and replacing them with language that allows the auditor to determine the frequency of audits based on "generally accepted government auditing standards" and what they deem necessary. This change is intended to reconcile inconsistent audit schedules across various state laws and ensure audits are conducted as often as needed to maintain accountability and transparency in government operations.