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Audit finds problems in Iowa Film Office

by taxnick on October 5, 2009

An outside audit released Monday found numerous problems in a tax incentive program designed to encourage filmmakers to come to Iowa, but the extent of the violations is hard to tell because the bookkeeping was so sloppy.

The audit by West Des Moines accounting firm Clifton Gunderson LLP noted it found invoices and receipts for only two of the 22 projects that received tax credits.

Gov. Chet Culver called for the audit last month after learning of problems in the Iowa Film Office. Since those first reports, the director of the Economic Development Department and two other officials have lost their jobs, the internal audit was began and a separate investigation by the attorney general, state auditor and revenue department was launched.

Culver also suspended the tax credit program.

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