Terms Used In Ohio Code 117.112

• Audit: means any of the following:

  (1) Any examination, analysis, or inspection of the state's or a public office's financial statements or reports;

  (2) Any examination, analysis, or inspection of records, documents, books, or any other evidence relating to either of the following:

  (a) The collection, receipt, accounting, use, or expenditure of public money by a public office or by a private institution, association, board, or corporation;

  (b) The determination by the auditor of state, as required by section 117. See Ohio Code 117.01

• Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
• Public accountant: means any person who is authorized by Chapter 4701 of the Revised Code to use the designation of certified public accountant or who was registered prior to January 1, 1971, as a public accountant. See Ohio Code 117.01
• Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
• state: means the state of Ohio. See Ohio Code 1.59