Bill Text: IL HB3355 | 2013-2014 | 98th General Assembly | Introduced

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Bill Title: 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.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Failed) 2014-12-03 - Session Sine Die [HB3355 Detail]

Download: Illinois-2013-HB3355-Introduced.html

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

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

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

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

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