Enrolled Senate Bill (S)

DIGEST

Establishes an audit committee in the legislative department of state government to assure the independence of the state board of accounts. Specifies that the audit committee is comprised of five voting members and one advisory member. Provides that the director of the office of management and budget, or the director's designee, is the advisory member. Requires the report of each examination to be distributed to the audit committee. Requires that the appointment of and any removal of the state examiner must be approved by the legislative council. Eliminates the requirement that a state examiner and each deputy examiner have three Establishes an audit committee in the legislative department of state government to assure the independence of the state board of accounts. Specifies that the audit committee is comprised of five voting members and one advisory member. Provides that the director of the office of management and budget, or the director's designee, is the advisory member. Requires the report of each examination to be distributed to the audit committee. Requires that the appointment of and any removal of the state examiner must be approved by the legislative council. Eliminates the requirement that a state examiner and each deputy examiner have three consecutive years of active experience as a field examiner with the state board of accounts. Requires the state examiner to have at least five years of accounting experience, including at least three years of single audit experience in the public or private sector. Replaces the requirement that the deputy state examiners be of different political parties with a requirement that not more than two of the three members of the state board of accounts be members of the same political party. Provides for staggered four year terms for members of the state board of accounts. ... View more