Georgia § 50-20-4 - Audits and financial statements; role of state auditor.
Full text of Georgia Official Code of Georgia Annotated § 50-20-4 — Audits and financial statements; role of state auditor., with citation guidance and answers to common questions.
§ 50-20-4. Audits and financial statements; role of state auditor.
The state auditor shall review the nonprofit organization's reporting package or financial statements to ensure compliance with the requirements for audits and financial statement presentation for nonprofit organizations. If the state auditor finds such requirements have not been met, the state auditor within 60 days of receipt of the reporting package or financial statements shall submit a list of deficiencies to be corrected to the nonprofit organization and, if appropriate, to the auditor who performed the audit and to the affected state organizations. If the state auditor has not received the required reporting package or financial statements by the date specified in subsection (e) of Code Section 50-20-3, the state auditor shall within 30 days of such date notify the appropriate state organizations to cease all payments to the nonprofit organization. The state auditor shall promptly notify appropriate law enforcement officials of any reported irregularities or illegal acts. (Code 1981, § 50-20-4 , enacted by Ga. L. 1998, p. 237, § 1.)
Source: official Georgia text · Last verified 2026-08-27
Frequently Asked Questions About Georgia § 50-20-4
What does Official Code of Georgia Annotated § 50-20-4 cover?
Section 50-20-4 ("Audits and financial statements; role of state auditor.") is part of the Official Code of Georgia Annotated, the codified statutory law of Georgia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Georgia § 50-20-4?
A common citation format is "Official Code of Georgia Annotated § 50-20-4" (Georgia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Georgia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Georgia official source linked on this page or consult a licensed Georgia attorney.
How does Georgia § 50-20-4 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Georgia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Georgia.