The bill amends the Code of West Virginia 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 about potential financial misconduct, mismanagement, or misuse 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 may request the State Auditor to take corrective actions or pursue prosecution if necessary. This change aims to enhance oversight and accountability for the financial operations of volunteer fire companies in West Virginia, ensuring that public funds are managed properly and any issues are addressed promptly.

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