Florida Senate - 2019                        COMMITTEE AMENDMENT
       Bill No. SPB 7014
       
       
       
       
       
       
                                Ì742724(Î742724                         
       
                              LEGISLATIVE ACTION                        
                    Senate             .             House              
                  Comm: FAV            .                                
                  02/05/2019           .                                
                                       .                                
                                       .                                
                                       .                                
       —————————————————————————————————————————————————————————————————




       —————————————————————————————————————————————————————————————————
       The Committee on Governmental Oversight and Accountability
       (Hooper) recommended the following:
       
    1         Senate Amendment 
    2  
    3         Delete lines 609 - 623
    4  and insert:
    5         (l) Internal auditor.—May or, in the case of a school
    6  district receiving annual federal, state, and local funds in
    7  excess of $500 million, shall employ an internal auditor. The
    8  scope of the internal auditor shall not be restricted and shall
    9  include every functional and program area of the school system.
   10         1. The internal auditor shall perform ongoing financial
   11  verification of the financial records of the school district, a
   12  comprehensive risk assessment of all areas of the school system
   13  every 5 years, and other audits and reviews as the district
   14  school board directs for determining:
   15         a. The adequacy of internal controls designed to prevent
   16  and detect fraud, waste, and abuse as defined in s. 11.45(1).
   17         b. Compliance with applicable laws, rules, contracts, grant
   18  agreements, district school board-approved policies, and best
   19  practices.
   20         c. The efficiency of operations.
   21         d. The reliability of financial records and reports.
   22         e. The safeguarding of assets.
   23         f. Financial solvency.
   24         g. Projected revenues and expenditures.
   25         h. The rate of change in the general fund balance.
   26         2. The internal auditor shall prepare audit reports of his
   27  or her findings and report directly to the district school board
   28  or its designee.
   29         3. Any person responsible for furnishing or producing any
   30  book, record, paper, document, data, or sufficient information
   31  necessary to conduct a proper audit or examination which the
   32  internal auditor is by law authorized to perform is subject to
   33  the provisions of s. 11.47(3) and (4).