---
title: O.C.G.A. § 50-20-4. Audits and financial statements; role of state auditor.
collection: code
id: 50-20-4
cite_as: O.C.G.A. § 50-20-4 (2025)
canonical_url: https://georgiacommons.org/code/50-20-4
md_url: https://georgiacommons.org/code/50-20-4.md
text_url: https://georgiacommons.org/code/50-20-4/text
source_url: https://www.legis.ga.gov/api/document/docs/default-source/joint-features-document-library/t50-ch13-40-(v38a)-2021-pdf.pdf?sfvrsn=1209d23f_0#page=398
date: 2025
status: active
corpus_version: 2025-supplement-89aa39ab3c68
license: CC0-1.0
publisher: Georgia Commons, an independent project of Georgia Civic Data. Not the State of Georgia. Not legal advice.
up: https://georgiacommons.org/code/50-20.md
previous: https://georgiacommons.org/code/50-20-3.md
next: https://georgiacommons.org/code/50-20-5.md
index: https://georgiacommons.org/code/index.md
version: the only printed version
in_force: true
current_through: Including Acts of the 2025 Regular Session of the General Assembly
heading_path: STATE GOVERNMENT / RELATIONS WITH NONPROFIT CONTRACTORS
---

# O.C.G.A. § 50-20-4. Audits and financial statements; role of state auditor.

(a) The state auditor shall review the nonprofit organization’s reporting package or financial statements to ensure compliance with the requirements for audits and financial statement presentation for nonprofit organizations. If the state auditor finds such requirements have not been met, the state auditor within 60 days of receipt of the reporting package or financial statements shall submit a list of deficiencies to be corrected to the nonprofit organization and, if appropriate, to the auditor who performed the audit and to the affected state organizations.

(b) If the state auditor has not received the required reporting package or financial statements by the date specified in subsection (e) of Code Section 50-20-3, the state auditor shall within 30 days of such date notify the appropriate state organizations to cease all payments to the nonprofit organization.

(c) The state auditor shall promptly notify appropriate law enforcement officials of any reported irregularities or illegal acts.

## History

Code 1981, § 50-20-4, enacted by Ga. L. 1998, p. 237, § 1.