Indiana Code 5-28-3-2. Body corporate and politic; examination by independent certified public accounting firm; state board of accounts
(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.
Terms Used In Indiana Code 5-28-3-2
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
(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.
As added by P.L.4-2005, SEC.34. Amended by P.L.181-2015, SEC.23; P.L.237-2017, SEC.14; P.L.209-2019, SEC.5; P.L.59-2023, SEC.17; P.L.58-2023, SEC.4.