Illinois General Assembly - Full Text of SB2638
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Full Text of SB2638  100th General Assembly


Sen. James F. Clayborne, Jr.

Filed: 3/9/2018





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2    AMENDMENT NO. ______. Amend Senate Bill 2638 on page 1,
3line 7, by replacing "contain statements that" with "be
4prepared on financial contain statements consistent with
5either the accrual or cash basis of accounting, depending upon
6the system followed by the governmental unit, and shall
7otherwise that"; and
8on page 1, lines 8 and 9, by replacing "principles and that set
9forth, insofar as possible," with "principles. The audit report
10shall contain and that set forth, insofar as possible,"; and
11on page 2, lines 1 and 2, by replacing "accountant or
12accountants" with "auditor or auditors accountant or
13accountants"; and
14on page 2, immediately below line 12, by inserting the



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1    "Section 10. The Counties Code is amended by changing
2Section 6-31006 as follows:
3    (55 ILCS 5/6-31006)  (from Ch. 34, par. 6-31006)
4    Sec. 6-31006. Audit report. The audit shall be performed by
5a licensed certified public accountant. The audit report shall
6contain the financial position and results of financial
7operations of each fund, account, and office of the county
8government. The financial statements shall be consistent with
9either the accrual or cash basis of accounting, depending upon
10the system followed by each county, and shall otherwise be in
11accordance with statements that are in conformity with
12generally accepted public accounting principles and shall set
13forth, insofar as possible, the financial position and the
14results of financial operations for each fund, account and
15office of the county government. The audit report shall also
16include the professional opinion of the auditor or auditors
17accountant or accountants with respect to the financial status
18and operations or, if an opinion cannot be expressed, a
19declaration that such auditor accountant is unable to express
20such opinion and an explanation of the reasons he cannot do so.
21Each audit report shall include the certification of the
22auditor or auditors accountant or accountants making the audit
23that the audit has been performed in compliance with generally
24accepted auditing standards. Each audit report filed with the



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1Comptroller shall be accompanied by a copy of each official
2statement or other offering of materials prepared in connection
3with the issuance of indebtedness of the county since the
4filing of the last audit report.
5    An audit report based on the county's selection of the
6accrual, cash, or modified cash basis of accounting meets all
7requirements of this Section for conformity with generally
8accepted accounting principles, including the certification of
9the accountant or accountants making the audit that the audit
10has been performed in compliance with generally accepted
11auditing standards.
12(Source: P.A. 86-962; 87-424.)".