IBJNews

Indiana issues call for external audit of tax agency

Back to TopCommentsE-mailPrint

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.

ADVERTISEMENT

Post a comment to this story

COMMENTS POLICY
We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
 
You are legally responsible for what you post and your anonymity is not guaranteed.
 
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
 
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
 
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.
 

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by
ADVERTISEMENT

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
 
Subscribe to IBJ
  1. Thank you for pointing out the absurdity of having The Naked Cowboy at Zoobilation. For the life of me, I don’t know why anyone would want a picture with that guy, but there were plenty of folks lined up to get a shot with him. The event could have used more restrooms out on the bridge, more photo booths and vendors offering something besides meat. There were a few more veg-friendly options this year than last, but it has a long way to go.

  2. Went to Zoobilation Friday night and had a great time. The weather was super nice and the food was very good, for the most part. Lots of sliders this year at many different tents. The slider from Alexander's was inedible, all four in my group ended up tossing it after one bite. Some tents were out of food by 8:30 and one bar area was out of cups at 8:30, not sure how that can happen. Great event in Indy and I look forward to it each year.

  3. Many of the small community hospitals are now owned by the "cash-strapped" Indy biggies, with more coming. The doctor-practise buying has been done precisely to sidestep tiered payments for out-of-hospital procedures. These are no better done, or safer, because someone administers a pain shot or snaps an x-ray in a doctor's office. And the non-payment issue is resolved next year when we all have insurance, even though many still think paying private insurers an extra 10-20% is what makes our system "world-class".

  4. I'd love to see this rendering put into the context of the surrounding neighborhood/area to get a better feel for the surrounding scale. However, just by the looks of it, it appears to be an excellent project. I'm pretty sure that if Scott Olson had said nothing regarding Chicago or Wrigleyville, Mr. "Horrible" would have found nothing bad to say. I'd love to know how Indy is becoming "Chicagofied"...

  5. Truly great and funny play. Vocalists were Broadway caliber and stage settings ideal for small stage. Would go again!

ADVERTISEMENT