What's happening
This bill changes the required frequency of school district internal audit reports from annually to every three years.
Why it matters
Reduces the administrative burden on school districts. by requiring internal audit reports only once every three years instead of annually, potentially freeing up staff time and resources for other priorities.
May decrease the frequency of oversight and early detection of financial or procedural risks. within school district operations, possibly impacting the ability to catch and address issues before they escalate.
Could result in cost savings for districts. by reducing the need for frequent audits and associated expenditures, but may also shift more responsibility to boards and trustees to request additional reviews if concerns arise between mandated audits.
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Who cares
School district administrators
The bill would remove the annual requirement for reviewing and updating risk assessments and shift required internal audit reports from at least annually to every three years.
School boards and district trustees
They would retain authority to require reports more frequently than every three years on significant risks and recommended improvements to internal controls.
School district internal auditors
They would still assess district operations and financial controls, but would work under less frequent mandatory reporting requirements.
Headline styles
Audit Reviews Less Often
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
3496
2019-2020 Regular Sessions
IN ASSEMBLY
January 29, 2019
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.
LBD01582-01-9
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.