The bill amends West Virginia Code §8-15-7a to transfer the audit authority for volunteer fire companies to the Legislative Auditor. Under the new provisions, the Legislative Auditor is tasked with conducting regular financial reviews of each volunteer fire company, ensuring that audits or financial examinations occur at least once every five years. The bill allows for more frequent audits if there are concerns regarding the management or use of funds. Additionally, the Legislative Auditor is required to implement internal policies to manage the costs associated with these audits.

Furthermore, the Legislative Auditor is empowered to investigate any suspicious financial transactions and can request the State Auditor to take appropriate action in cases of misconduct or mismanagement. This change aims to enhance oversight and accountability for volunteer fire companies in West Virginia, ensuring that their financial operations are transparent and properly managed.

Statutes affected:
Introduced Version: 8-15-7a
Committee Substitute: 8-15-7a
Enrolled Committee Substitute: 8-15-7a