Illinois Clauses Relating to Accounting Matters
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The purpose of an audit is the expression of an opinion as to whether the financial statements are fairly presented in conformity with appropriate accounting principles.
Student Membership Application: The Illinois CPA Society is an extraordinary community of more than 23, 300 accounting and finance professionals working in public accounting, corporate finance, not-for-profits, consulting, government and education.
The Auditor General's office performs several types of audits to review State agencies. Financial audits and Compliance examinations are mandated by law. They disclose the obligation, expenditure, receipt, and use of public funds.
The Auditor General is a constitutional officer of the State of Illinois charged with reviewing the obligation, expenditure, receipt and use of public funds.
(b) This Act is intended to provide a comprehensive and thorough post audit of the obligation, expenditure, receipt and use of public funds of the State under the direction and control of the Auditor General, to the end that the government of the State of Illinois will be accountable to the General Assembly and the ...
On October 31, 1989, House Bill 2031 was enacted into law as the Fiscal Control and Internal Auditing Act (FCIAA). The Act requires the establishment of procedures for State Agencies to evaluate their systems of internal and fiscal controls and provides a framework for improving those systems.
Questions About CPAs in Illinois Licensure requires 150 hours of higher education, including a bachelor's and master's degree. Each applicant must also pass all four components of the CPA exam, complete the ethics exam, serve one year of qualifying full-time accounting work, and submit their application for licensure.