SB363

Senate Bill 363 amends Arkansas law regarding the reporting of financial irregularities or potential illegal acts discovered during audits of state entities or political subdivisions. The bill requires the Legislative Auditor to notify specific officials, including the Chief Fiscal Officer of the State, the Attorney General, and the Governor, when an audit uncovers evidence of improper financial practices, inadequate fiscal records, or unauthorized disbursements. Additionally, the legislation mandates that the Legislative Auditor cooperate with prosecuting attorneys and the Attorney General on matters appearing to involve criminal offenses. It also permits the Legislative Auditor to assist in broader investigations by law enforcement agencies upon request and approval from the co-chairs of the Legislative Joint Auditing Committee. The act aims to formalize and clarify the communication channels between auditing bodies and state oversight agencies.