Current through Register Vol. 48, No. 38, September 20, 2024
Pursuant to Section 2-3.17a of the School Code [105 ILCS
5/2-3.17a] , audits of regional offices of education
and intermediate service centers are the responsibility of the Auditor General.
Each annual audit of any other entity subject to this Part shall be conducted
in accordance with generally accepted governmental auditing standards, and each
audit report shall state that the audit was performed in accordance with those
standards.
a) Joint Agreements and
Class I or Class IIA School Districts
The scope of each audit performed with respect to a joint
agreement or a Class I or Class IIA school district shall encompass at
least:
1) all funds established by the
school board, including any revolving or petty cash funds (see Section
100.70 of this
Part);
2) all student activity
funds (see Section
100.80 of this
Part);
3) the statements and
schedules described in Section 100.100(a)(1)-(8), (10), and (11) of this
Part;
4) compliance with applicable
laws and regulations; and
5) review
and testing of the internal control structure.
b) Class IIB School Districts
1) The scope of each audit performed with
respect to a Class IIB school district shall encompass at least:
A) all funds established by the school
board;
B) the statements and
schedules described in Section 100.100(a)(1)-(8), (10), and (11) of this
Part;
C) compliance with applicable
laws and regulations; and
D) review
and testing of the internal control structure.
2) If the scope of an audit does not include
all the district's revolving funds and student activity funds, the school board
shall secure a separate audit of these funds, which shall be performed in
accordance with generally accepted government auditing standards.
c) In determining the adequacy of
audits, the State Superintendent of Education shall consider:
1) the qualifications of the individual who
prepared the audit report;
2)
whether the responsible auditor has affirmed that the audit was performed in
accordance with the applicable standards;
3) whether the scope of the audit conforms to
the requirements of subsection (a) or (b) of this Section, as
applicable;
4) whether the audit
report submitted covers the entire scope of the audit, as reflected in the
engagement letter;
5) whether the
audit report includes a signed opinion and notes, provided that, if the opinion
rendered is other than unqualified, the report shall include a written
explanation of the qualifications or disclaimer; and
6) whether the report includes an audit
questionnaire completed and signed by the individual who conducted the
audit.
