State Boards vs. Private Firms

State Boards vs. Private Firms

If you are a local government entity, you might not have a choice in your auditor—it might be the State Board of Accounts.

Key Player: Indiana State Board of Accounts

Our data shows the Indiana State Board of Accounts is a top player by volume. This is typical for many states where a central body conducts audits for municipalities and schools.

The Difference

• State Boards: Often have a statutory mandate to find non-compliance. They know state-specific laws inside and out.
• Private Firms: While they must follow GAGAS, they often have a more consultative approach (within independence limits).

Strategy: Understanding who is auditing you helps you prepare the right documentation and expect the right questions.