Governmental Account Audit Act

Sections covered

• 50 ILCS 310/0.01Short title
• 50 ILCS 310/1Definitions
• 50 ILCS 310/10This Act does not relieve any officer of any other duties required by law of him with respect to the auditing of public accounts or the disbursement of public funds
• 50 ILCS 310/11Local Government › 50 ILCS 310 — Governmental Account Audit Act
• 50 ILCS 310/2Except as otherwise provided in Section 3, the governing body of each governmental unit shall cause an audit of the accounts of the unit to be made by an auditor or auditors
• 50 ILCS 310/3Local Government › 50 ILCS 310 — Governmental Account Audit Act
• 50 ILCS 310/4Overdue report
• 50 ILCS 310/4.5Comptroller's Audit Expense Revolving Fund
• 50 ILCS 310/5(a) Prior to fiscal year 2019, the audit report shall contain statements that conform with generally accepted accounting principles or other comprehensive basis of accounting and that set forth the financial position and results of financial operations for each fund of the governmental unit
• 50 ILCS 310/6When the audit is completed the auditor making such audit shall make and sign at least 3 copies of the report of the audit and immediately file them with the governmental unit audited
• 50 ILCS 310/7The report filed with the Comptroller, together with any accompanying comment or explanation, immediately becomes part of his public records and shall at all times thereafter be open to public inspection
• 50 ILCS 310/9The expenses of the audit and investigation of public accounts provided for by this Act, whether ordered by the governing body or the Comptroller, shall be paid by the governmental unit for which the audit is made