Enacts new GS 147-64.6E to make all principal offices and departments listed in GS 143A-11 and GS 143B-6 subject to an annual financial audit. Requires State agencies not listed in those statutes to undergo biennial financial audits. Requires nonprofits that receive State funds (as defined in GS 143C-1-1) or local funds to undergo a quadrennial financial audit. Requires the State Auditor to select independent certified public accountants to perform these audits, under the State Auditor's supervision. Requires audit results to be submitted to the Auditor, General Assembly, and the Governor, and makes them public records.

Sets out requirements that must be met when contracting for auditing services by an independent certified public accountant.

Requires local governments and public authorities subject to GS 159-34 to submit an audit of its accounts (which are considered to be public record) to the Auditor, General Assembly, and the Governor.

Authorizes the Auditor to collect the costs of audit work from each State office, department, agency, or nonprofit corporation. 

Specifies that the audits performed under the statute are in addition to any discretionary audits made by the Auditor.

Makes conforming changes to GS 147-64.6.

Effective January 1, 2018.