(30 ILCS 5/3-6) (from Ch. 15, par. 303-6)
Sec. 3-6. Audit Standards. The Auditor General may adopt regulations
establishing post audit standards consistent with Sections 1-13,
1-13.5, and 1-14
of this Act and in accordance with generally
accepted government
auditing standards. The regulations may specify separate or particular
standards applicable only to audits of federal grants, aid or trust funds
administered by State agencies in order to comply with applicable federal
regulations. Post audit standards established under this paragraph shall
govern all post audits conducted by the Auditor General.
The Auditor General may adopt regulations making such standards applicable
to financial audits, compliance audits, and other attestation
engagements conducted by State agencies of local governmental agencies
or private agencies which are grantees or recipients of public funds of
the State or of federal funds not constituting public funds of the State
through projects administered by that State agency. Notwithstanding any
other statute to the contrary, those regulations shall govern the audits
to which they are expressly applicable.
The Auditor General may make regulations providing for the ordinary use
of compliance audits conducted by State agencies or by certified public
accountants as part of financial audits, if such compliance audits comply
with the standards and regulations applicable under this Act.
(Source: P.A. 93-630, eff. 12-23-03.)
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