Chapter
341
2005 -- S 0676
Enacted 07/19/05
A N A C T
RELATING TO AUDIT OF ACCOUNTS
Introduced By: Senators Gallo, P Fogarty, Walaska, Felag, and C Levesque
Date Introduced: February 15, 2005
It is
enacted by the General Assembly as follows:
SECTION
1. Section 45-10-6.1 of the General Laws in Chapter 45-10 entitled "Audit
of
Accounts
and Installation of Systems" is hereby amended to read as follows:
45-10-6.1.
Corrective action plan. -- If the auditor conducting the post audit
expresses
an
opinion on the financial statements of a municipality or school district
that is other than
unqualified,
the chief finance officer of the municipality or school district shall
submit a detailed
corrective
action plan and timetable, which addresses the issue(s) which caused the
auditor's
qualified
opinion on the municipality's financial statements. The plan and
timetable shall be
submitted
to the city or town council, the school committee, state auditor general
and director of
administration
within forty-five (45) days of receipt of the final audited financial report
audit. The
chief
finance officer of each municipality and each school district shall also
submit all findings
and
recommendations reported by the auditors making the post audit, including those
reported in
a
separate management letter, to the city or town council, to the
state auditor general, the school
committee and director of administration. The chief finance
officer of the municipality and each
school
district shall prepare a plan of
corrective action and timetable for all findings and
recommendations
and shall submit the plan to the city or town council, the school committee,
state
auditor general and director of administration within forty-five (45) days of
receipt of a
written
report or letter of findings and recommendations from the auditors. All
management
letters
shall be public records. The term school district shall include regional school
districts.
SECTION 2. This act
shall take effect upon passage.
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LC01924
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