(30 ILCS 30/5)
(Section scheduled to be repealed on June 30, 2016)
Sec. 5. Definitions. As used in this Act:
"Board" means the Financial Reporting Standards Board created under Section 10 of this Act.
"CAFR" means the Comprehensive Annual Financial Report required under Section 19.5 of the State Comptroller Act.
"Comptroller" means the Comptroller of the State of Illinois.
"GAAP Coordinator" means a designated representative, employed by a State agency or component unit of the State, who is responsible for submission to the Office of the Comptroller all required documentation, as determined by the Office of the Comptroller, necessary for the preparation of the Comprehensive Annual Financial Report.
"Internal auditor" means an auditor employed by a State agency under the Fiscal Control and Internal Auditing Act.
"Licensed Certified Public Accountant" has the meaning provided in Section 0.03 of the Illinois Public Accounting Act.
"Registered Certified Public Accountant" has the meaning provided in Section 0.03 of the Illinois Public Accounting Act.
"State agency" means all departments, officers, commissions, boards, authorities, institutions, universities, foundations, and bodies politic and corporate of the State that are required to submit financial reporting information to the Office of the Auditor General, the Office of the Comptroller, or the federal government. "State agency" does not include the legislative branch or judicial branch.
(Source: P.A. 97-1055, eff. 8-23-12.)
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Last modified: February 18, 2015