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2005 SESSION
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
- 01/12/05 Senate: Prefiled & ordered printed; offered 01/12/05 057268782
- 01/12/05 Senate: Referred to Committee on Finance
- 02/08/05 Senate: Left in Finance