1st Sub.
S.B.
93
INTERNAL AUDIT AMENDMENTS
Senate Floor
Amendments
Amendment 5 February 27, 2014 11:55 AM
Senator Luz Robles
proposes the following amendments:
1. Page
3, Lines 65 through 69
:
65
(5) "Internal audit program" means an audit function that:
66
(a) is conducted by a local school board independent of the school district offices or
67
other operations;
{
and
}
68
(b) objectively evaluates the effectiveness of the school district governance, risk
69
management, internal controls, and the efficiency of operations
{
.
}
; and
(c) is conducted in accordance with the current:
(i) International Standards for the Professional Practice of Internal Auditing; and
(ii) The Government Auditing Standards, issued by the Comptroller General of the United States.
2. Page
5, Lines 126 through 130
Senate Committee Amendments
2-25-2014
:
126
(10) "Internal audit program" means an audit function that:
127
(a) is conducted by an agency, division, bureau, or office, independent of the agency,
128
division, bureau, or office operations;
{
and
}
129
(b) objectively evaluates the effectiveness of agency, division, bureau, or office
130
governance, risk management, internal controls, and the efficiency of operations
{
.
}
; and
(c) is conducted in accordance with the current:
(i) International Standards for the Professional Practice of Internal Auditing; and
(ii) The Government Auditing Standards, issued by the Comptroller General of the United States.
3. Page
9, Line 265
:
265
63I-5-401. Duties and powers of the agency internal audit director.
4. Page
11, Lines 310 through 323
:
310
(3) The agency internal audit director shall ensure that:
311
{
(a) audits are conducted in accordance with professional auditing standards such as
312
those published by the Institute of Internal Auditors, Inc., the American Institute of Certified
313
Public Accountants and, when required by other law, regulation, agreement, contract, or policy,
314
in accordance with Government Auditing Standards, issued by the Comptroller General of the
315
United States;
316
(b)
}
(a)
all reports of audit findings issued by internal audit staff shall include a statement
317
that the audit was conducted according to the appropriate standards;
318
{
(c)
}
(b)
public release of reports of audit findings comply with the conditions specified by
319
the state laws and rules governing the state agency;
320
{
(d)
}
(c)
copies of all reports of audit findings issued by the internal audit staff are available,
321
upon written request, to the Offices of the Legislative Auditor General [and], the Office of the
322
State Auditor [upon request], and the governor's internal audit director; and
323
{
(e)
}
(d)
significant audit matters that cannot be appropriately addressed by the agency
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