Iowa Administrative Code Agency 81 - Auditor of State
Overview: Agency 81 — Auditor of State
The Auditor of State is an agency responsible for overseeing the auditing and financial review of public entities in Iowa. The agency ensures that public funds are properly accounted for, that financial statements are accurate, and that governmental operations comply with required standards.
Chapter 1: Organization and General Provisions
Purpose: The Auditor of State administers audits and examinations of government units, including state agencies, counties, cities, school districts, and other public entities.
Structure: The agency is headed by the Auditor of State, who supervises staff auditors and oversees audit processes.
Definitions: Key terms include:
Audit: A systematic review of financial records and operations.
Entity: Any governmental body subject to audit.
Findings: Issues or discrepancies identified during audits.
Authority: The Auditor of State has the authority to examine books, records, and accounts of public entities.
Chapter 2: Audit Procedures and Standards
Scope of Audits: Audits cover financial statements, compliance with policies, internal controls, and financial management.
Types of Audits:
Financial audits: Review of financial records for accuracy.
Compliance audits: Assessment of adherence to policies and regulations.
Performance audits: Evaluation of efficiency and effectiveness of operations.
Audit Planning: Includes risk assessment, selection of audit objectives, and resource allocation.
Audit Execution: Fieldwork conducted by agency auditors, involving inspection, verification, and testing.
Reporting:
Draft audit reports are prepared and shared with entities for response.
Final reports are issued publicly, highlighting findings and recommendations.
Follow-up: Auditees are monitored to ensure corrective actions are implemented.
Chapter 3: Filing and Reporting Requirements for Public Entities
Public entities must submit financial reports and audit documentation to the Auditor of State within prescribed deadlines.
Specific forms and data formats are required for submission.
Entities are responsible for cooperating with auditors and providing requested information.
Chapter 4: Compliance and Enforcement
If audit findings reveal noncompliance or misuse of funds, the Auditor of State may:
Recommend corrective measures,
Refer matters to appropriate authorities,
Impose penalties or sanctions in accordance with internal rules.
The agency ensures transparency and accountability in public financial management.
Chapter 5: Appeals and Dispute Resolution
Entities may appeal audit findings or decisions through an established internal process.
The appeal process involves submission of written requests, hearings, and final determination by the Auditor or designated officials.
Summary
Agency 81 — Auditor of State operates a comprehensive internal system for:
Conducting audits of Iowa’s public entities,
Ensuring accuracy and compliance in public financial management,
Enforcing accountability through findings and corrective actions,
Managing cooperation and communication with audited entities,
Providing a transparent appeals process.
All policies, procedures, and responsibilities are outlined within the code’s chapters, creating a structured framework for oversight without reference to external legal sources.
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