What's happening
This bill changes the required internal audit risk assessment review for New York school districts from annually to every two years.
Why it matters
Reduces administrative burden and costs. for school districts by requiring the internal audit risk assessment review only every two years instead of annually, potentially freeing up time and resources for other educational priorities.
May impact the frequency of risk identification. , as less frequent reviews could delay the detection of emerging financial or operational issues within school districts.
Shifts accountability timelines. , meaning any needed changes to internal controls or financial practices might be implemented more slowly, affecting how quickly schools can respond to new risks.
Reflects a legislative judgment. that annual reviews may be unnecessarily frequent, possibly indicating confidence in existing controls or a response to feedback from school districts about audit workloads.
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Who cares
Headline styles
Audit Reviews Now Every Two Years
Plain English, a few words. Used as the page title.
Sponsors
Senator · Senate District 8
No co-sponsors yet.
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.
Audit Reviews Every Two Years
In Assembly Committee · Education · Sponsor Fred Thiele
Full text
1 pageUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
5584
2019-2020 Regular Sessions
IN SENATE
May 8, 2019
Introduced by Sen. BROOKS -- read twice and ordered printed, and when printed to be committed to the Committee on Education
AN ACT to amend the education law, in relation to the school district internal audit function
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 biennial 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.
§ 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD10451-01-9
Reflowed for reading: line numbers and page breaks removed. Cite the official text.
Sponsor's memo
Title of bill
An act to amend the education law, in relation to the school district internal audit function
Purpose
The purpose of this bill is to require that the school district internal risk assessment audit be conducted biennially instead of annually.
Summary of provisions
Section 1. amends section 2116-b of the education law to provide that the internal risk assessment audit be conducted biennially instead of annually.
Section 2. is the enacting clause.
Justification
Currently, school districts are required to have internal audits done every year. This includes a risk assessment as well as testing and eval- uation of one or more specific areas of district operations.
Often, risk assessments can be costly and time-consuming and produce only general results. The intensive review of certain operations is more helpful in identifying specific areas for improvement. This bill would allow districts to have risk assessments every two years, and to conduct specific in depth reviews every year.
Fiscal implications
None to the state
Effective date
This act shall take effect immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.