Really? RI State Gov’t Should Eliminate Internal Audits?
The Rhode Island Society of CPAs (RISCPA) announced its strong opposition today to Governor Chafee’s proposal to abolish the Rhode Island Bureau of Audits. Under the Governor’s proposed FY2013 budget (House Bill 7323, Article 4), the Bureau, which provides the internal-audit function for all of state government, would be entirely eliminated.
“Eliminating the Bureau of Audits, a key tool in preventing corruption, would be a grave mistake,” said Robert Mancini, Executive Director of the RISCPA. “The proposal would undermine transparency, accountability and the crucial internal audit function of the State.”
The Bureau of Audits performs the auditing function for the Executive Branch of the State Government. It provides an independent appraisal and evaluation of the effectiveness of financial and operational controls through objective analyses, evaluations and recommendations.