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IN SB0159
Bill
Status
1/25/2017
Primary Sponsor
Rick Niemeyer
Click for details
AI Summary
SB 159 Summary
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Applies to state agencies, public hospitals, municipalities, bodies corporate and politic, state educational institutions, and entities required to be examined under state law.
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Requires audited entities to file a corrective action plan if a subsequent examination report contains the same or substantially similar noncompliance findings as a previous examination report regarding uniform compliance guidelines or specific laws.
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The state board of accounts must create guidelines for corrective action plans with a requirement that identified issues be corrected within 6 months of the plan filing date.
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If a corrective action plan is not implemented or the issue is not corrected within 6 months, the state board of accounts prepares a memorandum for the audit committee with examination findings, the plan, and recommended actions.
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The audit committee may request written statements or personal attendance from public officers, request corrective action, notify appropriate oversight agencies, refer cases for investigation and prosecution, recommend legislative amendments, or recommend follow-up examinations.
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Effective July 1, 2017.
Legislative Description
State examiner findings. Specifies requirements for corrective action when audited entities fail to comply with certain guidelines or laws. Requires an audited entity to file a corrective action plan following findings of noncompliance in two consecutive examination reports. Specifies actions that the audit committee may take if an audited entity fails to comply with a corrective action plan.
Last Action
First reading: referred to Committee on Government and Regulatory Reform
2/28/2017