The bill amends Section 22-13-4 of the General Laws in Chapter 22-13, which pertains to the duties of the auditor general. It introduces new definitions and clarifies the responsibilities of the auditor general, including the conduct of performance audits and post-audits of state agencies and political subdivisions. Notably, the bill establishes that the auditor general will have the authority to audit any public body or corporation that receives state funds, while also ensuring that public utilities are excluded from this provision. Additionally, the auditor general is required to report any discrepancies found during audits to the legislative leadership.

A significant insertion in the bill is the requirement for the auditor general to create a performance audit schedule for all state agencies and quasi-public governmental agencies, effective January 1, 2026. The auditor general must conduct these performance audits according to the established schedule and report any agency that fails to meet the performance standards to the governor and legislative leaders by January 1 of each year. This amendment aims to enhance accountability and oversight of state agencies in their operations and use of public funds.