What's happening
This bill changes the required frequency of internal audits in New York school districts from annually to every five years.
Why it matters
Reduces administrative burden and costs. for school districts by requiring internal audits only every five years instead of annually, potentially freeing up resources for other priorities.
May limit the early detection of financial mismanagement or operational risks,. as less frequent audits could allow issues to go unnoticed for longer periods.
Applies a uniform audit frequency statewide,. including for larger districts with existing special or local audit requirements, ensuring all districts follow the five-year schedule.
Shifts the focus of district oversight from continuous monitoring to periodic reviews,. which could change how districts prioritize internal controls and risk management efforts.
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Who cares
Headline styles
Reduce School Audit Frequency
Plain English, a few words. Used as the page title.
Sponsors
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History
- Referred to education
- Referred to education
Companion bill
The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.
School Audits Every Five Years
In Senate Committee · Finance · Sponsor Michael H. Ranzenhofer
Full text
2 pagesUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
4467
2017-2018 Regular Sessions
IN ASSEMBLY
February 2, 2017
Introduced by M. of A. SCHIMMINGER -- read once and referred 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 Assembly, 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 annual] 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 thousand 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 commissioner 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.
LBD06146-01-7
A. 4467 2
special or local law to the contrary, school districts shall perform such internal audits every five years.
§ 2. This act shall take effect on the first of July next succeeding the date on which it shall have become a law.
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.