1st Sub. S.B. 93
         INTERNAL AUDIT AMENDMENTS

Senate Floor Amendments

Amendment 6 March 5, 2014 7:53 PM



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; or
    (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; or
    (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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