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Current as of January 02, 2024 | Updated by FindLaw Staff
Sec. 2. (a) The corporation is a body politic and corporate, not a state agency but an independent instrumentality exercising essential public functions.
(b) Except as provided in IC 5-11-1-9(k), the corporation and the corporation's funds, accounts, and financial affairs shall be examined by the state board of accounts.
(c) The board may engage an independent certified public accounting firm to conduct an examination of:
(1) the corporation and the corporation's funds, accounts, and financial affairs; and
(2) a nonprofit subsidiary corporation established under IC 5-28-5-13.
The examination must comply with the uniform compliance guidelines, directives, and standards established by the state board of accounts. If an independent certified public accounting firm conducts an examination, the corporation shall submit a copy of the examination report to the state board of accounts not later than the next date on which the corporation is required to file its financial reports under IC 5-11-1-4.
Cite this article: FindLaw.com - Indiana Code Title 5. State and Local Administration § 5-28-3-2 - last updated January 02, 2024 | https://codes.findlaw.com/in/title-5-state-and-local-administration/in-code-sect-5-28-3-2/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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