What's happening
This bill changes the required internal audit review for New York school districts from annually to every three years.
Why it matters
Reduces administrative burden and costs. By shifting internal audit reviews from annual to every three years, school districts will spend less time and money on compliance, potentially freeing up resources for educational programs or other priorities.
May impact detection of financial or procedural issues. Less frequent audits could mean that risks, errors, or instances of fraud go undetected for longer periods, which may affect financial oversight and accountability within districts.
Gives districts flexibility. The bill still allows school boards to request more frequent audits if they choose, enabling local control based on the specific needs or risk profile of each district.
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Who cares
School district administrators
The bill would remove the annual requirement for reviewing and updating internal audit risk assessments.
School boards and trustees
They would receive risk assessment reports every three years instead of at least annually, while retaining authority to require more frequent reports.
School district internal auditors
They would work under a reduced reporting schedule while remaining responsible for assessing risks, evaluating internal controls and recommending improvements.
Headline styles
Change School Audit Frequency
Plain English, a few words. Used as the page title.
Sponsors
1 Co-sponsor
History
- Referred to education
- Referred to education
Full text
1 pageUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
1456
2017-2018 Regular Sessions
IN ASSEMBLY
January 12, 2017
Introduced by M. of A. ZEBROWSKI, STIRPE -- read once and referred to the Committee on Education
AN ACT to amend the education law, in relation to modifying the internal audit function of school districts
The People of the State of New York, represented in Senate and Assembly, do enact as follows:
Section 1. Subdivision 1 of section 2116-b of the education law, as added by chapter 263 of the laws of 2005, is 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 annual] a review and update of such risk assessment; and (c) preparation of reports[, at least annually] every three years 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.
§ 2. This act shall take effect immediately and shall apply to all school years commencing on or after the first of July next succeeding the date upon which it shall have become a law.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD04071-01-7
Reflowed for reading: line numbers and page breaks removed. Cite the official text.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.