Illinois Compiled Statutes 50 Local Government: Article -

• Illinois Governmental Account Audit Act. - 50 ILCS 310, Section 0.01
  Short title. This Act may be cited as the Governmental Account Audit Act. (Source: P.A. 86-1324.)
• Illinois Governmental Account Audit Act. - 50 ILCS 310, Section 1
  Definitions. As used in this Act, unless the context otherwise indicates: "Governmental unit" or "unit" includes all municipal corporations in and political subdivisions of...
• Illinois Governmental Account Audit Act. - 50 ILCS 310, Section 2
  Except as otherwise provided in Section 3, the governing body of each governmental unit shall cause an audit of the accounts of the unit to...
• Illinois Governmental Account Audit Act. - 50 ILCS 310, Section 3
  Any governmental unit receiving revenue of less than $850,000 for any fiscal year shall, in lieu of complying with the requirements of Section 2 for...
• Illinois Governmental Account Audit Act. - 50 ILCS 310, Section 4
  Overdue report. (a) If the required report for a governmental unit is not filed with the Comptroller in accordance with Section 2 or Section 3,...
• Illinois Governmental Account Audit Act. - 50 ILCS 310, Section 4.5
  Comptroller's Audit Expense Revolving Fund. There is created the Comptroller's Audit Expense Revolving Fund as a special fund to be held by the State...
• Illinois Governmental Account Audit Act. - 50 ILCS 310, Section 5
  The audit report shall contain statements that conform with generally accepted accounting principles and that set forth, insofar as possible, the financial position and...
• Illinois Governmental Account Audit Act. - 50 ILCS 310, Section 6
  When the audit is completed the licensed public accountant making such audit shall make and sign at least 3 copies of the report of...
• Illinois Governmental Account Audit Act. - 50 ILCS 310, Section 7
  The report filed with the Comptroller, together with any accompanying comment or explanation, immediately becomes part of his public records and shall at all...
• Illinois Governmental Account Audit Act. - 50 ILCS 310, Section 9
  The expenses of the audit and investigation of public accounts provided for by this Act, whether ordered by the governing body or the Comptroller,...
• Illinois Governmental Account Audit Act. - 50 ILCS 310, Section 10
  This Act does not relieve any officer of any other duties required by law of him with respect to the auditing of public accounts...
• Illinois Governmental Account Audit Act. - 50 ILCS 310, Section 11
  The governing body of a governmental unit may establish an audit committee, and may appoint members of the corporate authority or other appropriate officers...

Last modified: February 18, 2015