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- Title
PROGRESS OF THE INDEPENDENT POST AUDIT PROGRAM IN ILLINOIS.
- Authors
Morey, Lloyd
- Abstract
This article focuses on the post audit program in Illinois established in the U.S. General Assembly in the year 1957. The post audit program deals entirely with post facto audits of all offices, departments, boards, commissions, institutions, and other bodies "expending or encumbering State funds by virtue of an appropriation from the General Assembly, or handing money on behalf of the State or holding any trust funds from any other source thereof." For the audit program now covering over 200 state agencies (separate offices and institutions being considered distinct agencies even though under some State Department) the Auditor General each year has engaged over 50 firms and individual accountants, and in addition has performed a number of minor audits with his own staff. Contracts are confirmed by a letter of engagement setting forth the general conditions and the basis of compensation, which is a per diem with a maximum limit. Itemized bills of time and expenses are required.
- Subjects
ILLINOIS; UNITED States; AUDITING; AUDIT committees; AUDITING standards; ACCOUNTING; GOVERNMENT agencies; AUDITING procedures
- Publication
Accounting Review, 1963, Vol 38, Issue 1, p102
- ISSN
0001-4826
- Publication type
Article