The corporate authorities of a municipality may establish an audit committee, and may appoint members of the corporate authority or other appropriate officers to the committee, to review audit reports prepared under this Act and any other financial reports and documents, including management letters prepared by or on behalf of the municipality.
65 ILCS 5/8-8-10
Known as the The Illinois Municipal Auditing Law
The act spans §§ 65-5-8-8-1 to 65-5-8-8-9 (11 sections).
P.A. 82-644.
Official source: Illinois General Assembly. Reproduced from public-domain Illinois statutes; confirm against the official source for the current text. Not legal advice.