SEARCH SITE

VIRGINIA LAW PORTAL

SEARCHABLE DATABASES

ACROSS SESSIONS

Developed and maintained by the Division of Legislative Automated Systems.

2005 SESSION

  • | print version

SB 1125 Higher education; removes responsibility for annual audits, report.

Introduced by: Mark D. Obenshain | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Higher education; annual audits.  Removes responsibility for annual audits of institutions of higher education from the Auditor of Public Accounts and directs the respective governing boards to retain licensed independent certified public accountants for these audits.

Currently, the Auditor is responsible for annual audits of all state entities "handling any state funds" and reports a summary of theses audits each year when the Governor presents the proposed executive budget to the legislature.


FULL TEXT

HISTORY