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AB-1287 Local government: audits.(2011-2012)

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CALIFORNIA LEGISLATURE— 2011–2012 REGULAR SESSION

Assembly Bill
No. 1287


Introduced  by  Assembly Member Buchanan

February 18, 2011


An act to add Section 53087.7 to the Government Code, relating to local government.


LEGISLATIVE COUNSEL'S DIGEST


AB 1287, as introduced, Buchanan. Local government: audits.
Existing law requires school districts to comply with General Accounting Office standards for financial and compliance audits, as specified, and prohibits an independent auditor from engaging in financial compliance audits unless, within 3 years of commencing the first of the audits, and every 3 years thereafter, the auditor completes a quality control review in accordance with General Accounting Office standards.
This bill would require local agencies, defined to include cities, counties, a city and county, special districts, authorities, or public agencies, to comply with General Accounting Office standards for financial and compliance audits and would prohibit an independent auditor from engaging in financial compliance audits unless, within 3 years of commencing the first of the audits, and every 3 years thereafter, the auditor completes a quality control review in accordance with General Accounting Office standards.
Vote: MAJORITY   Appropriation: NO   Fiscal Committee: NO   Local Program: NO  

The people of the State of California do enact as follows:


SECTION 1.

 Section 53087.7 is added to the Government Code, to read:

53087.7.
 (a) Financial and compliance audits of local agencies shall be performed in accordance with General Accounting Office standards for financial and compliance audits.
(b) An independent auditor shall not engage in financial or compliance audits unless, within three years of commencing the first of the audits, and every successive three years thereafter, the auditor completes a quality control review in accordance with General Accounting Office standards. The time period between commencement of the first audit, or completion of a quality control review, and completion of a subsequent quality control review shall be calculated from the first day of the month following commencement of the audit or completion of the quality control review.
(c) For purposes of this section, “local agency” means a city, county, city and county, special district, authority, or public agency.