INDIANAPOLIS, Ind. (WTWO/WAWV)— Indiana Governor Mike Braun has ordered an independent forensic audit of the Indiana Economic Development Corporation and its affiliated entities in the name of transparency for taxpayers.
Governor Mike Braun addressed the state on Thursday to reiterate his ideas of transparency in state government for taxpayers. During this address, he spoke on the audit of the IEDC. According to the news release from the governor’s office, the Indiana Economic Development Foundation (IEDF) had not filed audited financial reports with the State Budget Committee since 2019, which are required by law. The reports have now been filed and can be viewed at this link.
The firm that will conduct the new audit of the IEDC is expected to be hired within the next few weeks. The audit is expected to last from six months to one year to complete and will be paid for with funds from the IEDC.
“From the beginning, I committed to bring more transparency to the agency, and that is what we are doing. In addition to this independent forensic audit, earlier this month, I signed an executive order requiring all state-affiliated foundations, including the Indiana Economic Development Foundation, to go above and beyond in their reporting and disclosures. Even though they have an IRS exemption, all state foundations must file 990 reports,” Gov. Braun said. “Transparency is essential. It’s essential for good government, and it’s what taxpayers deserve.”
