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NY S04556
Bill
Status
6/14/2011
Primary Sponsor
Michael Ranzenhofer
Click for details
AI Summary
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Makes internal audit functions optional for all school districts unless the Comptroller finds deficiencies in audits performed under General Municipal Law Section 33
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Requires school districts to perform bi-annual internal audits if the Comptroller identifies deficiencies, continuing until the Comptroller conducts another audit
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Removes requirement that internal audit functions prepare reports at least annually, allowing less frequent reporting
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Changes annual certification requirements to optional certification for school districts claiming exemptions based on size (fewer than 8 teachers, expenditures under $5 million, or enrollment under 300 students)
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Takes effect July 1 following enactment into law
Legislative Description
Makes internal audit functions optional by school districts unless an audit by the comptroller reveals deficiencies; where deficiencies are found, school districts shall perform bi-annual internal audits until the comptroller conducts another audit of such school district.
Last Action
COMMITTED TO RULES
6/21/2012