Relating to the auditor of state and including effective date and applicability provisions

The inclusion of this explanation does not constitute agreement with the explanation’s substance by the members of the general assembly. This bill concerns the office of auditor of state.3, the auditor of state shall appoint a certified public accountant to lead that division. Code chapter 542, concerning public accountants, is amended.7.7 if the auditor of state is a certified public accountant or all divisions of the office of auditor of state performing attest services are led by a certified public accountant. 18, concerning client confidentiality, do not apply to the office of auditor of state if the office of auditor of state is issued a permit as a certified public accounting firm.7, concerning firm permits to practice, is amended. The bill provides that the requirements of an applicant to register each office of the firm within the state with the Iowa accountancy examining board and to show that all attest and compilation services rendered in this state are under the charge of a person holding a valid certificate do not apply to the office of auditor of state. In addition, the bill provides that peer review records concerning the office of auditor of state shall be considered a public record pursuant to Code chapter 22. The bill takes effect upon enactment and applies retroactively to July 1, 2002.