relative to the audit requirements for consumer cooperative associations.

SB 165 revises audit requirements for consumer cooperative associations in the state, directly affecting these member-owned businesses. The bill changes the audit standard from requiring an independent Certified Public Accountant (CPA) to allowing internal auditors to conduct annual financial reviews. This policy change simplifies compliance for co-ops while maintaining financial oversight, effective September 13, 2025. The bill passed unanimously through committees and was signed into law by the governor on July 15, 2025.