C.__To the extent the applicant's experience is as an auditor engaged in the examination of financial statements for the Department of Audit, the applicant receives credit toward the experience required by subsection 10 if that experience meets the following standards:

(1)__All audits are performed by individuals who have had necessary education, training and continuing education;

(2)__Auditors are properly supervised and independent of the area being audited; and

(3)__All audits are conducted in accordance with generally accepted auditing standards, governmental auditing standards issued by the Comptroller General of the United States and relevant provisions published by the federal Office of Management and Budget, as applicable.

SUMMARY

This bill makes the experience requirements for certified public accountants who are employees of the Department of Audit consistent with that of accountants who are employees of the Bureau of Insurance.