MCL 141.425 requires the township board to have an annual audit of the financial status of the township.

Public Act 146 of 1996 amended MCL 141.425 to allow townships with a population of less than 4,000 to have the audit performed every two years.

If the township does not retain a certified public accountant (CPA) for this audit, the State Treasurer must perform the audit or appoint a CPA at the township's expense.