98TH GENERAL ASSEMBLY
State of Illinois
2013 and 2014
HB3355

 

Introduced , by Rep. Michael W. Tryon

 

SYNOPSIS AS INTRODUCED:
 
15 ILCS 405/6.01  from Ch. 15, par. 206.01
30 ILCS 5/2-8.2 new
30 ILCS 5/3-6  from Ch. 15, par. 303-6
30 ILCS 5/3-9  from Ch. 15, par. 303-9
30 ILCS 5/3-15  from Ch. 15, par. 303-15

    Amends the Illinois State Auditing Act. Provides that oversight of the State's compliance with auditing standards and generally accepted accounting principles for governments shall be the responsibility of the Auditor General. Provides that the Auditor General's annual review shall evaluate the State's compliance with generally accepted accounting principles for governments, as promulgated by the Governmental Accounting Standards Board. Provides that the Auditor General shall (instead of "may") adopt rules concerning audit standards. Amends the State Comptroller Act to require to Comptroller to consult with the Auditor General and provide the Auditor General with draft copies of any proposed accounting standards. Effective immediately.


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FISCAL NOTE ACT MAY APPLY

 

 

A BILL FOR

 

HB3355LRB098 09649 JDS 39795 b

1    AN ACT concerning finance.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The State Comptroller Act is amended by changing
5Section 6.01 as follows:
 
6    (15 ILCS 405/6.01)  (from Ch. 15, par. 206.01)
7    Sec. 6.01. Specification and establishment of accounting
8standards and principles. The Comptroller shall specify and
9establish the financial accounting and reporting standards and
10principles to be used by all State government and State
11agencies. The standards and principles shall be effective upon
12filing by the Comptroller with the Auditor General. The
13Comptroller shall maintain and publish the standards and
14principles as a public document. These standards and principles
15shall be known as the Generally Accepted Accounting Standards
16and Principles for Illinois State Government, and shall,
17whenever possible, be compatible with any similar nationally
18existing generally accepted accounting standards and
19principles for government.
20    In establishing the Generally Accepted Accounting
21Standards and Principles for Illinois State Government, the
22Comptroller shall consult with the Governor and the other
23members of the Executive Branch, the Chief Justice of the

 

 

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1Supreme Court, the Auditor General, and the leadership of the
2General Assembly and shall provide to these officials draft
3copies of any proposed standards at least 90 days prior to
4their adoption and shall consider any responses or suggestions
5that these officials may present.
6(Source: P.A. 86-1415.)
 
7    Section 10. The Illinois State Auditing Act is amended by
8changing Sections 3-6, 3-9, and 3-15 and by adding Section
92-8.2 as follows:
 
10    (30 ILCS 5/2-8.2 new)
11    Sec. 2-8.2. Compliance with auditing standards and
12generally accepted accounting principles for governments.
13Oversight of the State's compliance with auditing standards and
14generally accepted accounting principles for governments shall
15be the responsibility of the Auditor General.
 
16    (30 ILCS 5/3-6)  (from Ch. 15, par. 303-6)
17    Sec. 3-6. Audit Standards. The Auditor General shall adopt
18rules may adopt regulations establishing post audit standards
19consistent with Sections 1-13, 1-13.5, and 1-14 of this Act and
20in accordance with generally accepted government auditing
21standards. The regulations may specify separate or particular
22standards applicable only to audits of federal grants, aid or
23trust funds administered by State agencies in order to comply

 

 

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1with applicable federal regulations. Post audit standards
2established under this paragraph shall govern all post audits
3conducted by the Auditor General.
4    The Auditor General shall adopt rules may adopt regulations
5making such standards applicable to financial audits,
6compliance audits, and other attestation engagements conducted
7by State agencies of local governmental agencies or private
8agencies which are grantees or recipients of public funds of
9the State or of federal funds not constituting public funds of
10the State through projects administered by that State agency.
11Notwithstanding any other statute to the contrary, those
12regulations shall govern the audits to which they are expressly
13applicable.
14    The Auditor General shall adopt rules may make regulations
15providing for the ordinary use of compliance audits conducted
16by State agencies or by certified public accountants as part of
17financial audits, if such compliance audits comply with the
18standards and regulations applicable under this Act.
19(Source: P.A. 93-630, eff. 12-23-03.)
 
20    (30 ILCS 5/3-9)  (from Ch. 15, par. 303-9)
21    Sec. 3-9. Annual review of State accounting and pre-audit
22system. The Auditor General shall review, annually, the uniform
23State accounting system prescribed by the State Comptroller.
24The review shall include a review of the comments, findings and
25recommendations in audit reports and investigation reports and

 

 

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1such other inquiry as the Auditor General considers advisable.
2The review shall evaluate the State Comptroller's compliance
3with generally accepted accounting principles for governments,
4as promulgated by the Governmental Accounting Standards Board.
5The annual review shall be directed primarily at the operation
6of the accounting system in facilitating post audits.
7    The Auditor General shall review, annually, the operation
8of the pre-audit system in the office of the State Comptroller.
9This review shall include an analysis of the comments, findings
10and recommendations in audit reports and investigation reports
11and such other inquiries as the Auditor General considers
12advisable. The review shall be made in consultation with the
13State Comptroller.
14    The reviews made under this Section shall be included in
15the annual report of the Auditor General.
16(Source: P.A. 84-832.)
 
17    (30 ILCS 5/3-15)  (from Ch. 15, par. 303-15)
18    Sec. 3-15. Reports of Auditor General. By March 1, each
19year, the Auditor General shall submit to the Commission, the
20General Assembly and the Governor an annual report summarizing
21all audits, investigations and special studies made under this
22Act during the last preceding calendar year. The annual report
23shall include an evaluation of the State's overall compliance
24with generally accepted accounting principles for governments,
25as promulgated by the Governmental Accounting Standards Board.

 

 

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1    Once each 3 months, the Auditor General shall submit to the
2Commission a quarterly report concerning the operation of his
3office, including relevant fiscal and personnel matters,
4details of any contractual services utilized during that
5period, a summary of audits and studies still in process and
6such other information as the Commission requires.
7    The Auditor General shall prepare and distribute such other
8reports as may be required by the Commission.
9    All post audits directed by resolution of the House or
10Senate shall be reported to the members of the General
11Assembly, unless the directing resolution specifies otherwise.
12    The requirement for reporting to the General Assembly shall
13be satisfied by filing copies of the report with the Speaker,
14the Minority Leader and the Clerk of the House of
15Representatives and the President, the Minority Leader and the
16Secretary of the Senate and the Legislative Research Unit, as
17required by Section 3.1 of "An Act to revise the law in
18relation to the General Assembly", approved February 25, 1874,
19as amended, and filing such additional copies with the State
20Government Report Distribution Center for the General Assembly
21as is required under paragraph (t) of Section 7 of the State
22Library Act.
23(Source: P.A. 84-1438.)
 
24    Section 99. Effective date. This Act takes effect upon
25becoming law.