From the Indianapolis Business Journal:
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.
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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.
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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.
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http://www.ibj.com/indiana-issues-call-for-external-audit-of-tax-agency/PARAMS/article/34469
