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Indiana issues call for external audit of tax agency

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Indiana budget leaders are looking for an external auditor to review the state Department of Revenue after workers discovered $526 million in errors in recent months.

The Republican-controlled State Budget Committee is set to meet June 4 to consider the responses, which must be submitted by next Wednesday. Democratic gubernatorial candidate John Gregg called this week on the state to speed up the audit.

Senate Appropriations Committee Chairman Luke Kenley said state lawmakers consulted with state budget director Adam Horst in drawing up the formal request last week.

The audit will aim to find out how the department lost track of $320 million in corporate tax revenue that was collected over four years along with another $205 million in income taxes, said Kenley, a Republican from Noblesville who is a member of the State Budget Committee.

"My understanding is they are moving as fast as they can," he said.

The lawmakers' request says the state needs a company to assess the information technology department at the tax agency and internal financial controls designed to catch errors before they balloon.

The overall review is expected to be a two-step process starting with a risk assessment taking between three weeks and six weeks that will help determine the scope of the audit, followed by the audit itself.

While it's not clear how long the audit will take, political leaders will be watching for results ahead of the Nov. 6 election between Gregg, Republican Mike Pence and Libertarian Rupert Bonehom to replace term-limited GOP Gov. Mitch Daniels

Gregg has been trying to make hay out of the Daniels administration's troubles, bringing textbooks like "Accounting for Dummies" to various news conferences at the Statehouse.

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  1. OK Larry, let's sign Lance, shore up the PG and let's get to the finals.

  2. A couple of issues need some clarification especially since my name was on the list. I am not sure how this information was obtained and from where. For me, the amount was incorrect to begin with and the money does not come to me personally. I am guessing that the names listed are the Principal Investigators (individual responsible for the conduct of the trail) for the different pharmaceutical trials and not the entity which receives the checks. In my case, I participate in Phase II and Phase III trials which are required for new drug development. Your article should differentiate the amount of money received for consulting, for speaking fees, and for conduct of a clinical trial for new drug development. The lumping of all of these categories may give the reader a false impression of physicians just trying to get rich. The Sunshine Law may help to differentiate these categories in the future. The public should be aware that the Clinical Trial Industry could be a real economic driver for Indiana since these revenues supports jobs and new job creation. Nationally, this account for 10-20 billion which our State is missing out on to a large degree. Yes, new drug and technology development has gotten most of the attention (e.g. CTSI, BioCrossroads, etc.) However, serious money is being left on the table by not participating in the clinical trials to get those new drugs and medical devices on the market!!!! I guess that this is not sexy enough for academia.

  3. The address given for the Goldfish Swim Club is the Ace Hardware, is it closing?

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