The proposed bill amends the Legislative Performance Audit Act to enhance the definitions and requirements surrounding tax incentive performance audits. Notably, it expands the definition of "working papers" to include "planning documents," which are essential for supporting audit findings. The bill updates the reference to Government Auditing Standards from the 2018 to the 2024 revision, ensuring that audits adhere to the latest guidelines. It also mandates that tax incentive performance audits assess whether programs achieve specific economic goals and allows for the presentation of audit reports at joint hearings of relevant legislative committees.

In addition to these updates, the bill clarifies the access and confidentiality of audit-related information. It requires agencies to provide requested information within three business days and establishes that any unauthorized disclosure of confidential information by employees is a Class III misdemeanor. The bill further specifies that working papers and correspondence between the audit office and agencies are not public records, thereby enhancing confidentiality. It also repeals several sections of the Reissue Revised Statutes of Nebraska, indicating a significant overhaul of the legal framework governing audit document handling and confidentiality.

Statutes affected:
Introduced: 50-1203, 50-1204, 50-1205.01, 50-1209, 50-1211, 50-1213