TO: | Honorable Rodney Ellis, Chair, Senate Committee on Government Organization |
FROM: | John Keel, Director, Legislative Budget Board |
IN RE: | SB1694 by Shapiro (Relating to state agency internal auditing.), As Introduced |
The bill would clarify what internal auditing is and add definitions of services designed to add value and improve an organization's operations. The bill would change the internal audit standards by replacing the Certified Internal Auditor Code of Professional Ethics and the Statement of Responsibilities of Internal Auditing with the Code of Ethics contained in the Professional Practices Framework as promulgated by the Institute of Internal Auditors.
This bill would take effect September 1, 2003
Source Agencies: | 304 Comptroller of Public Accounts, 308 State Auditor's Office
|
LBB Staff: | JK, GO, MS
|