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Okla. Corporation Commission Eyes Need for Audit (Oct 03, 2011)

OKLAHOMA CITY (AP) - Members of the Oklahoma Corporation Commission say regular audits would help protect the hundreds of millions of dollars that flow through the agency's financial accounts each year.

Commissioners met with state Auditor and Inspector Gary Jones Monday to discuss their concern that funds deposited and disbursed at the agency are properly accounted for.

Chairwoman Dana Murphy says commission members want to take precautions following recent criminal charges involving auditors at other agencies.

In November, a former auditor for the Commissioners of the Land Office was sentenced to 10 years in prison for stealing more than $1.16 million in royalty payments from the agency.

Last month, the former internal auditor for the Oklahoma Treasurer's Office was indicted for allegedly scheming to steal thousands of dollars from the state's unclaimed property fund.

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