Mo. auditor seeks legislation for banking records
Tuesday, October 18, 2011
JEFFERSON CITY, Mo. (AP) — Missouri State Auditor Tom Schweich (shwyk) is proposing legislation to clarify the types of reviews his office can perform and guarantee access to bank examination records.
Schweich said Tuesday he needs access to bank records to perform a complete audit of the state Division of Finance.
His proposal also would make clear in state law that the auditor may conduct so-called performance audits of an agency’s operations as well as financial audits. The Missouri Bankers Association has challenged whether Schweich has authority to do performance audits.
The auditor’s access to bank examination records has been part of a recent dispute. Schweich and the state Division of Finance have agreed on allowing some records to be examined. But the bankers’ group argues the records contain private information and must remain confidential.
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