Democratic State Auditor candidate Mike Claytor remembered a dark anniversary of sorts for Indiana state government this week.
Two years ago, Indiana made national news for finding $320 million in misplaced tax revenue. A few months later, the state also announced that it discovered $206 million in tax revenue that it owed to Indiana counties and other local units of government. That made more than half a billion dollars of accounting errors.
In his weekly financial blog, Claytor wrote, "with the news last week that Auditor Dwayne Sawyer is resigning, I feel more strongly than ever that we need more stability and accountability in Indiana government."
Claytor would accomplish this by putting "audit" back in the Auditor's office, he said.
"The Auditor of State …should have the ability to determine whether funds posted are in the correct accounts. As Auditor of State, I would set up an internal audit function so that the internal control system over all state funds would be improved," Claytor said.
The errors that occurred largely involved the Indiana Department of Revenue.
"No internal control system can guarantee that there be no errors in the accounting system. However, the state should implement controls to provide reasonable assurance that errors are detected to the extent practicable," Claytor said.
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