(30 ILCS 30/25)
(Section scheduled to be repealed on June 30, 2016)
Sec. 25. Responsibilities of other parties.
(a) The Comptroller's Division of Financial Reporting, in cooperation with the Governor's Office of Management and Budget, shall assist State agencies during the GAAP process and shall review GAAP packages and preparation of the CAFR.
(b) The Comptroller's Division of Financial Reporting and the Governor's Office of Management and Budget shall cooperate with the Board in the following matters:
(1) the development of a GAAP training program for
State agencies;
(2) the development of continuing education for
employees of State agencies; and
(3) the development of detailed standards for GAAP
reporting by State agencies.
(c) State agencies must adhere to the Board's guidance in regards to GAAP package processing and maintaining minimum standards for qualifications, training, and education for GAAP Coordinators.
(Source: P.A. 97-1055, eff. 8-23-12.)
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Last modified: February 18, 2015