AB 481 — Revises provisions governing the Division of Internal Audits of the Office of Finance. (BDR 31-898)

A.B.Assembly Bill No.

481481–Committee Aon SSEMBLYGovernment BILLAffairs NOCHAPTER.......... .

481–COMMITTEE ON GOVERNMENT AFFAIRS (ON B EHALF OF THE O FFICE OF FINANCE IN THEO FFICE OF THE GOVERNOR ) M ARCH 27, 2017 ____________ Referred to Committee on Government Affairs SUMMARY—Revises provisions governing the Division of Internal Audits of the Office of Finance.

(BDR 31-898) FISCAL NOTE:

Effect on Local Government:

No.

Effect on the State:

No.

~ EXPLANATION – Matter in bolded italics is new;

matter between brackets [omitted material] is material to be omitted.

Under existing law, the Administrator of the Division of Internal Audits of the Office of Finance is authorized to employ, within the limits of legislative appropriations, such staff as necessary to perform his or her duties.

(NRS(NRSe 353A.041) Existing law requires the Administrator to appoint and establish the powers and duties of a Manager of Internal Controls.

(NRS 353A.045) The person appointed as Manager of Internal Controls is required to have certain qualifications related to accounting and auditing and serves in the unclassified service of the State.appoint a Manager of Internal Controls.tes the requirement that the Administrator EXPLANATION – Matter in bolded italics is new;

(NRSmatter 353A.047)between Thisbrackets bill[omitted eliminatesmaterial] theis requirementmaterial thatto thebe Administratoromitted. appoint a Manager of Internal Controls.

- *AB481* – 2 – 2.

(a) A board created by the provisions of NRS 590.485 and chapters 623 to 625A, inclusive, 628, 630 to 644, inclusive, 648, 654 and 656 of NRS.

In consultation with the Director, prepare a plan for auditing executive branch agencies for each fiscal year and present the plan - 79th Session (2017) – 2 – to the Committee for its review and approval.

Perform the audits of the programs and activities of the agencies in accordance with the plan approved pursuant to subsection 5 of NRS 353A.038 and prepare audit reports of his or herher6.indReview findings.each agency that is audited pursuant to subsection 5 and advise those agencies concerning internal accounting, administrative controls and financial management.

6.

Review each agency that is audited pursuant to subsection 5 and advise those agencies concerning internal accounting, administrative controls and financial management.

Submit to each agency that is audited pursuant to subsection 5 analyses, appraisals and recommendations concerning:

Consult with the Legislative Auditor concerning the plan for auditing and the scope of audits to avoid duplication of effort - *AB481* – 3 – and undue disruption of the functions of agencies that are audited pursuant to subsection 5.

TEXT~~~~~ OF17 REPEALED- SECTION79th 353A.047Session Manager(2017) of Internal Controls:

Qualifications;

unclassified service;

powers and duties.

1.

The Manager of Internal Controls appointed pursuant to NRS 353A.045 must:

(a) Be a certified public accountant licensed by this state or a public accountant qualified pursuant to chapter 628 of NRS to practice public accounting in this state;

and (b) Have at least 4 years of progressively responsible experience in professional auditing and performing internal audits or postaudits.

The experience must include, without limitation, the performance of audits of governmental entities or of private business organizations, whe2.erThe Manager of Internal Controls is in the unclassified service of this state and serves at the pleasure of the Administrator.

3.

The Administrator shall establish the powers and duties of the Manager of Internal Controls.

H - *AB481*