MUNI CD-AUDIT REPORT STANDARDS Senate SponsorsSen. Dale A. Righter-Jason A. Barickman, Chapin Rose, Chuck Weaver, Andy Manar, Pamela J. Althoff and Steven M. Landek 1/9/2019SenateSession Sine Die 65 ILCS 5/8-8-5from Ch. 24, par. 8-8-5Amends the Illinois Municipal Auditing Law of the Illinois Municipal Code. Provides that audit reports reporting on the financial position and results of financial operations for each fund of the municipality shall be consistent with either the accrual or cash basis of accounting depending upon the system followed by each municipality and shall otherwise be in accordance with generally accepted accounting principles (currently, shall be in accordance with generally accepted accounting principles, insofar as possible). 11/1/2017SenateFiled with Secretary by Sen. Dale A. Righter 11/1/2017SenateFirst Reading 11/1/2017SenateReferred to Assignments 11/27/2017SenateAdded as Chief Co-Sponsor Sen. Jason A. Barickman 1/3/2018SenateAdded as Co-Sponsor Sen. Chapin Rose 1/16/2018SenateAdded as Co-Sponsor Sen. Chuck Weaver 1/29/2018SenateAdded as Co-Sponsor Sen. Andy Manar 2/7/2018SenateAdded as Co-Sponsor Sen. Pamela J. Althoff 2/26/2018SenateAdded as Co-Sponsor Sen. Steven M. Landek 3/1/2018SenateAssigned to Local Government 3/14/2018SenatePostponed - Local Government 4/11/2018SenatePostponed - Local Government 4/13/2018SenateRule 3-9(a) / Re-referred to Assignments 1/9/2019SenateSession Sine Die