Revision: Dec. 8, 2017, noon
SB 340 - AS INTRODUCED
2018 SESSION
18-2827
10/03
SENATE BILL 340
AN ACT relative to department of revenue administration guidelines for municipal audits.
SPONSORS: Sen. Daniels, Dist 11
COMMITTEE: Public and Municipal Affairs
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ANALYSIS
This bill limits an audit of municipal accounts to events and transactions that occurred subsequent to the last completed audit.
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Explanation: Matter added to current law appears in bold italics.
Matter removed from current law appears [in brackets and struckthrough.]
Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
18-2827
10/03
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Eighteen
AN ACT relative to department of revenue administration guidelines for municipal audits.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 Department of Revenue Administration; Municipal Audits. Amend RSA 21-J:19, II to read as follows:
II. Every audit made by independent public accountants licensed under RSA [309-A:8] 309-B, except examinations for special limited purposes, shall cover the accounts and records of all officials responsible for the receipt, custody, and disbursement of public funds. The audit reports shall include a summary of findings and recommendations regarding compliance with applicable statutory provisions of law, and the adequacy of accounting and business procedures pursued by the unit of government examined. Management letters, so-called, shall be included as part of the official audit findings and recommendations. Contracts executed between local units of government and counties and independent public accountants shall stipulate that all accounts and funds of the governmental unit are to be audited and a report of audit prepared in accordance with this section; provided that such audit shall be limited to events and transactions that occurred subsequent to the last completed audit. A written or printed report of every completed audit shall be made to the proper local officials including a summary of the findings and recommendations of the auditors and a copy of such summary shall be published in the next annual report following the fiscal year in which the audit was completed.
2 Effective Date. This act shall take effect 60 days after its passage.