2017 Session

Budget Amendments - HB1500 (Conference Report)

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Specifications for Audits of Political Subdivisions (language only)

Item 2 #1c

Item 2 #1c

Legislative Department
Auditor of Public Accounts


Page 13, after line 7, insert:

"E. The Auditor of Public Accounts' Specifications for Audits of Counties, Cities, and Towns and the Specifications for Audits of Authorities, Boards, and Commissions, for the independent certified public accountants auditing localities and local government entities, shall include requirements related to the communication of other internal control deficiencies or financial matters, commonly referred to as a management letter. These requirements shall include that any such communication issued by the independent certified public accountants related to other internal control deficiencies or other financial matters that merit the attention of management and the governing body must be made in the form of official, written communication."


(This amendment requires the Auditor of Public Accounts to provide specific guidance as to how independent auditors should communicate significant findings when they are auditing political subdivisions.)