If the director finds that an audit report as filed is incomplete or inaccurate; was not made in accordance with the regulations promulgated by the board; or does not reflect the true financial condition of the municipality or county, he may:
(1) Order supplementary examinations to be made of specified funds, accounts or offices by the accountant making the original audit.
(2) Reject the audit report and require that the audit be made de novo in whole or in part.
(3) Require that supplementary or de novo examinations be made by the auditing staff of the division.