Senate Bill S4486

2011-2012 Legislative Session

Extends provisions for internal audits by school districts from annually to every five years

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Sponsored By

Archive: Last Bill Status - In Assembly Committee

  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2011-S4486 (ACTIVE) - Details

See Assembly Version of this Bill:
A8404
Current Committee:
Assembly Education
Law Section:
Education Law
Laws Affected:
Amd §2116-b, Ed L
Versions Introduced in Other Legislative Sessions:
2013-2014: S2501, A4166
2015-2016: S1051, A4345
2017-2018: S2597, A4467
2019-2020: S2955
2021-2022: S6936

2011-S4486 (ACTIVE) - Summary

Extends provisions for internal audits by school districts from annually to every five years.

2011-S4486 (ACTIVE) - Sponsor Memo

2011-S4486 (ACTIVE) - Bill Text download pdf 

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  4486

                       2011-2012 Regular Sessions

                            I N  S E N A T E

                              April 6, 2011
                               ___________

Introduced  by Sens. RANZENHOFER, BONACIC, DeFRANCISCO, JOHNSON, LARKIN,
  SEWARD -- read twice and ordered  printed,  and  when  printed  to  be
  committed to the Committee on Education

AN  ACT  to amend the education law, in relation to extending provisions
  for internal audits by school districts from annually  to  every  five
  years

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. Subdivisions 1 and 7 of section  2116-b  of  the  education
law, as added by chapter 263 of the laws of 2005, are amended to read as
follows:
  1.  No  later  than July first, two thousand six, each school district
shall establish an internal audit function to be in operation  no  later
than  the  following December thirty-first. Such function shall include:
(a) development of a risk assessment of district  operations,  including
but  not  limited  to, a review of financial policies and procedures and
the testing and evaluation of district internal controls; (b) [an  annu-
al]  A review and update of such risk assessment; and (c) preparation of
reports[, at least annually or more frequently as the trustees or  board
of  education  may  direct,]  which  analyze significant risk assessment
findings, recommend changes  for  strengthening  controls  and  reducing
identified  risks,  and  specify  timeframes  for implementation of such
recommendations.  AUDITS PERFORMED PURSUANT TO  THIS  SECTION  SHALL  BE
COMPLETED EVERY FIVE YEARS.
  7.  Nothing  in  this section shall be construed as requiring a school
district in any city with a population of one hundred twenty-five  thou-
sand  or  more  to replace or modify an existing internal audit function
where such function already exists by special or local law, so  long  as
the  superintendent  of the district [annually] certifies to the commis-
sioner that the existing internal audit function meets  or  exceeds  the
requirements  of  this  section;  PROVIDED, HOWEVER, NOTWITHSTANDING ANY

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD10573-01-1

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