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MI HB4184
Bill
Status
Passed
7/14/2009
Primary Sponsor
Richard Ball
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AI Summary
- Requires counties to obtain annual audits of financial records and accounts, with counties able to retain certified public accountants or the state treasurer conducting the audit if the county fails to provide one
- Places entire cost of any audit on the county, whether performed by retained accountants or the state treasurer
- Mandates state treasurer to prescribe minimum auditing procedures conforming to generally accepted auditing standards established by the American Institute of Certified Public Accountants
- Requires audit reports and auditing procedure reports to be filed with state treasurer within 6 months after fiscal year end, with allowance for extension requests from chief administrative officers for reasonable cause
- Specifies audit reports must disclose material deviations from accounting practices, fiscal irregularities including defalcations and misfeasance, and compliance with generally accepted accounting principles
Legislative Description
Counties; other; uniform system of accounting and reporting; modify. Amends secs. 4 & 5 of 1919 PA 71 (MCL 21.44 & 21.45).
State agencies (existing), treasury
Last Action
Assigned Pa 68'09 With Immediate Effect
7/14/2009
Committee Referrals
Local, Urban & State Affairs5/6/2009
Intergovernmental & Regional Affairs2/5/2009
Full Bill Text
No bill text available