Section 432.47 - Biannual and special postaudits; authority of auditor general.
MCCAULEY-TRAXLER-LAW-BOWMAN-MCNEELY LOTTERY ACT (EXCERPT)
Act 239 of 1972
432.47 Biannual and special postaudits; authority of auditor general.
Sec. 47.
The auditor general or an independent public accounting firm appointed by the auditor general shall conduct biannual postaudits of all accounts and transactions of the bureau and other special postaudits as the auditor general or legislature deems necessary. The auditor general or his or her agent conducting an audit under this act shall have access and authority to examine all records of the bureau, its distributing agents, and its licensees.
History: 1972, Act 239, Imd. Eff. Aug. 1, 1972 ;-- Am. 1973, Act 68, Imd. Eff. July 23, 1973 ;-- Am. 1992, Act 57, Imd. Eff. May 20, 1992
Compiler's Notes: For transfer of the Bureau of State Lottery from the Department of Management and Budget to be an autonomous entity within the Department of Treasury, see E.R.O. No. 1991-2, compiled at MCL 12.161 of the Michigan Compiled Laws.
Popular Name: Lottery Act