1. Assembly Bill No. 255–Committee on Government Affairs

CHAPTER........

AN ACT relating to state financial administration; requiring biennial reporting by the director

of the department of administration on the status of internal accounting and

administrative controls in certain state agencies; and providing other matters

properly relating thereto.

 

 

THE PEOPLE OF THE STATE OF NEVADA, REPRESENTED IN

SENATE AND ASSEMBLY, DO ENACT AS FOLLOWS:

Section 1. NRS 353A.025 is hereby amended to read as follows:

  1. 353A.025 1. The head of each agency shall periodically review the
  1. agency’s system of internal accounting and administrative control to
  1. determine whether it is in compliance with the uniform system of internal
  1. accounting and administrative control for agencies adopted pursuant to
  1. subsection 1 of NRS 353A.020.
  1. 2. On or before July 1 of each even-numbered year, the head of each
  1. agency shall report to the director whether the agency’s system of internal
  1. accounting and administrative control is in compliance with the uniform
  1. system adopted pursuant to subsection 1 of NRS 353A.020. The reports
  1. must be made available for inspection by the members of the legislature.

3. The director shall, on or before the first Monday in February of

each odd-numbered year, submit a report on the status of internal

accounting and administrative controls in agencies to the:

(a) Director of the legislative counsel bureau for transmittal to the:

(1) Senate standing committee on finance; and

(2) Assembly standing committee on ways and means;

(b) Governor; and

(c) Legislative auditor.

4. The report submitted by the director pursuant to subsection 3 must

include, without limitation:

(a) The identification of each agency that has not complied with the

requirements of subsections 1 and 2;

(b) The identification of each agency that does not have an effective

method for reviewing its system of internal accounting and

administrative control; and

(c) The identification of each agency that has weaknesses in its system

of internal accounting and administrative control, and the extent and

types of such weaknesses.

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