Full Text of HB1915 097th General Assembly
HB1915 97TH GENERAL ASSEMBLY |
| | 97TH GENERAL ASSEMBLY
State of Illinois
2011 and 2012 HB1915 Introduced , by Rep. Sandra M. Pihos SYNOPSIS AS INTRODUCED: |
| 30 ILCS 5/1-13 | from Ch. 15, par. 301-13 |
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Amends the Illinois State Auditing Act. Provides that the compliance audit may address agency management representations, assertions, and supporting evidence regarding whether the job titles and descriptions for filled management positions duplicate or overlap with titles and descriptions for other management positions. Effective immediately.
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| | A BILL FOR |
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| | | HB1915 | | LRB097 07753 PJG 47865 b |
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| 1 | | AN ACT concerning finance.
| 2 | | Be it enacted by the People of the State of Illinois,
| 3 | | represented in the General Assembly:
| 4 | | Section 5. The Illinois State Auditing Act is amended by | 5 | | changing Section 1-13 as follows: | 6 | | (30 ILCS 5/1-13) (from Ch. 15, par. 301-13)
| 7 | | Sec. 1-13. Compliance audit. "Compliance audit" means
an | 8 | | attestation engagement that either
examines,
reviews, or | 9 | | entails performing agreed-upon procedures on a subject matter | 10 | | or an
assertion
about a subject matter and reporting on the | 11 | | results. The compliance audit, as
appropriate,
may address | 12 | | agency management representations, assertions, and supporting
| 13 | | evidence regarding:
| 14 | | (a) whether the audited agency has obligated, | 15 | | expended, received and
used public funds of the State in | 16 | | accordance with the purpose for which
such funds have been | 17 | | appropriated or otherwise authorized by law;
| 18 | | (b) whether the audited agency has obligated, | 19 | | expended, received and
used public funds of the State in | 20 | | accordance with any limitations,
restrictions, conditions | 21 | | or mandatory directions imposed by law upon such
| 22 | | obligation, expenditure, receipt or use;
| 23 | | (c) in the case of a State agency, whether the audited |
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| 1 | | agency has
generally complied with applicable laws and | 2 | | regulations, including the
State uniform accounting | 3 | | system, in its financial and fiscal operations;
| 4 | | (d) in the case of a State agency, whether the records, | 5 | | books and
accounts of the audited agency accurately reflect | 6 | | its financial and fiscal
operations;
| 7 | | (e) in the case of a local or private agency, whether | 8 | | the records, books
and accounts of the audited agency | 9 | | fairly and accurately reflect its
financial and fiscal | 10 | | operations relating to the obligation, receipt,
| 11 | | expenditures and use of public funds of the State to the | 12 | | extent such
operations must be reviewed to complete post | 13 | | audit determinations under
paragraphs (a) and (b) of this | 14 | | Section;
| 15 | | (f) in the case of a State agency, whether the audited | 16 | | agency is
maintaining effective internal controls over
| 17 | | revenues, obligations,
expenditures, assets and | 18 | | liabilities;
| 19 | | (g) whether collections of State revenues and receipts | 20 | | by the audited
agency are in accordance with applicable | 21 | | laws and regulations and whether
the accounting and record | 22 | | keeping of such revenues and receipts is fair,
accurate and | 23 | | in accordance with law;
| 24 | | (h) in the case of a State agency, whether money or | 25 | | negotiable
securities or similar assets handled by the | 26 | | audited agency on behalf of the
State or held in trust by |
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| 1 | | the audited agency have been properly and legally
| 2 | | administered, and whether the accounting and record | 3 | | keeping relating
thereto is proper, accurate and in | 4 | | accordance with law; and
| 5 | | (i) whether financial, program and statistical reports | 6 | | of the audited
agency contain useful data and are fairly | 7 | | presented ; and | 8 | | (j) in the case of a State agency, whether the job | 9 | | titles and descriptions for filled management positions | 10 | | duplicate or overlap with titles and descriptions for other | 11 | | management positions .
| 12 | | Compliance audits are to be performed in accordance with | 13 | | attestation
standards issued by the American Institute of | 14 | | Certified Public Accountants
(AICPA), related AICPA Statements | 15 | | on Standards for Attestation Engagements, and
generally | 16 | | accepted government auditing standards (GAGAS) current at the | 17 | | time
the audit is commenced.
| 18 | | (Source: P.A. 93-630, eff. 12-23-03.)
| 19 | | Section 99. Effective date. This Act takes effect upon | 20 | | becoming law.
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