Assembly Member Kalra's proposal to modify California State University's audit requirements would mandate external financial audits of each CSU campus every three years, supplementing the system's existing internal audit procedures. The legislation establishes two core changes to current oversight mechanisms: implementing regular external audits and requiring public access to all audit reports.

Under existing law, CSU's internal audit staff conducts reviews every five years to examine university operations and financial practices. The new requirements would create an additional layer of scrutiny through external auditors while maintaining the current internal audit schedule. These external evaluations would occur more frequently than internal reviews, examining each of CSU's 23 campuses at least once every three years.

The bill's public access provisions would apply to both the new external audits and existing internal reviews conducted by university staff. This would make all financial and operational assessments of the CSU system and individual campuses available for public examination. The measure does not specify funding sources for the additional external audits, indicating campuses would need to accommodate these costs within existing budgets.