SLS 14RS-1753 REENGROSSED
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Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.
Regular Session, 2014
SENATE BILL NO. 642
BY SENATOR CROWE
LEGISLATIVE AUDITOR. Increases annual audit requirements for certain entities in
certain parishes. (8/1/14)
AN ACT1
To enact R.S. 24:513(J)(1)(c)(v), relative to the legislative auditor; to provide for audit2
requirements; to provide for additional audit requirements for certain entities in3
certain parishes; and to provide for related matters.4
Be it enacted by the Legislature of Louisiana:5
Section 1. R.S. 24:513(J)(1)(c)(v) is hereby enacted to read as follows: 6
ยง513. Powers and duties of legislative auditor; audit reports as public records;7
assistance and opinions of attorney general; frequency of audits;8
subpoena power9
* * *10
J.(1) The audits enumerated in Subsection A of this Section shall be11
conducted frequently enough to control and safeguard the assets of the auditee as12
follows:13
* * *14
(c) The financial statements of local auditees, as defined in Paragraph A(3)15
of this Section, shall be audited as follows:16
* * *17 SB NO. 642
SLS 14RS-1753 REENGROSSED
Page 2 of 2
Coding: Words which are struck through are deletions from existing law;
words in boldface type and underscored are additions.
(v)(aa) To provide enhanced additional oversight by the Louisiana1
Legislative Auditor, in any parish having a population of not less than two2
hundred twenty-five thousand and not more than two hundred fifty thousand3
according to the latest federal decennial census, the legislative auditor shall4
establish the criteria for procedures which shall be performed in addition to5
annual reporting requirements required by this Section for entities with6
revenues of fifty thousand dollars or more per fiscal year.7
(bb) Any costs incurred by the legislative auditor in establishing the8
criteria for the procedures noted under this Item shall be allocated to the9
individual entities provided for in this Item and paid by these entities to the10
legislative auditor upon receipt of services.11
* * *12
The original instrument was prepared by Ashley Menou. The following
digest, which does not constitute a part of the legislative instrument, was
prepared by Ann S. Brown.
DIGEST
Crowe (SB 642)
Present law requires the financial statements of all local auditees to be audited annually by
the legislative auditor.
Proposed law provides for additional procedures, established by the legislative auditor, to
be performed in addition to the annual audit to be performed on entities with revenues of
$50,000 or more per fiscal year in any parish having a population of not less than 225,000
and not more than 250,000 according to the latest federal decennial census.
Proposed law requires audited entities to pay the cost of the legislative auditor's services.
Effective August 1, 2014.
(Adds R.S. 24:513(J)(1)(c)(v))
Summary of Amendments Adopted by Senate
Senate Floor Amendments to engrossed bill
1. Adds the requirement that audited entities pay for the cost of the legislative
auditor's services.
2. Makes technical changes.