Indiana § 5-11-1-30 - Request for examination according to generally accepted accounting principles
Full text of Indiana Indiana Code § 5-11-1-30 — Request for examination according to generally accepted accounting principles, with citation guidance and answers to common questions.
§ 5-11-1-30. Request for examination according to generally accepted accounting principles
Sec. 30. (a) An audited entity may request that an examination conducted by the state board of accounts be conducted in accordance with generally accepted accounting principles. A request by a public officer must be approved by resolution adopted by the legislative body for the audited entity.
(b) The state board of accounts shall, not more than sixty (60) days after receiving a request under subsection (a):
(1) acknowledge receipt of the request; and
(2) notify the requesting public officer or legislative body that the request is:
(A) approved; or
(B) disapproved.
(c) The state board of accounts shall approve a request under subsection (a) unless the state examiner determines that:
(1) the audited entity, under the guidelines established by the state board of accounts, did not request the audit within sixty (60) days after the close of the audited entity's fiscal year;
(2) the audited entity does not conduct its accounting according to generally accepted accounting principles;
(3) the audited entity did not maintain the audited entity's financial records during the preceding year on a generally accepted accounting principles basis;
(4) the annual financial statements and notes to the financial statements are not presented or will not be presented to the state board of accounts for audit on the schedule agreed to by the state examiner; or
(5) the audited entity does not follow the other guidelines established by the state board of accounts.
As added by P.L.181-2015, SEC.18.
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 5-11-1-30
What does Indiana Code § 5-11-1-30 cover?
Section 5-11-1-30 ("Request for examination according to generally accepted accounting principles") is part of the Indiana Code, the codified statutory law of Indiana. 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 Indiana § 5-11-1-30?
A common citation format is "Indiana Code § 5-11-1-30" (Indiana). 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 Indiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Indiana official source linked on this page or consult a licensed Indiana attorney.
How does Indiana § 5-11-1-30 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Indiana 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 Indiana.