Ohio Code 117.14 – Annual audit of office of auditor
An annual audit of the office of the auditor of state shall be made by an independent certified public accountant appointed by the governor and the chairpersons of the finance committees of the senate and the house of representatives, upon recommendation from a committee consisting of:
Terms Used In Ohio Code 117.14
- 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
- Contract: A legal written agreement that becomes binding when signed.
- 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
- state: means the state of Ohio. See Ohio Code 1.59
(A) The governor or the governor’s designee;
(B) The chairperson of the finance committee of the senate or the chairperson’s designee;
(C) The chairperson of the finance committee of the house of representatives or the chairperson’s designee.
Not later than the thirty-first day of March immediately preceding the last day of the fiscal year to be audited, the governor and chairpersons shall make the appointment and prescribe the contract terms of the audit.
On or before the fifteenth day of October, the accountant shall submit a report of the audit completed under this section for the immediately preceding fiscal year to each member of the committee. One copy of the audit report shall be filed with the state library for public inspection. The audit report is not a public record under section 149.43 of the Revised Code until it is filed with the state library.
The records of the auditor of state shall be made available to the accountant.
The office of budget and management shall provide staff services to the committee.