Under current law, occupational licensing board is defined to mean, as used in GS Chapter 93B, any board, committee, commission, or other agency in North Carolina which is established for the primary purpose of regulating the entry of persons into, and/or the conduct of persons within, a particular profession or occupation, and which is authorized to issue licenses, and excludes State agencies that issue licenses. Amends GS 93B-1 to now define occupational licensing board by exclusively listing 56 specific occupational licensing boards.
Amends GS 143B-426.39, adding to the powers and duties of the State Controller the power and duty to develop and prescribe a uniform format for the reporting of the annual financial audits required by GS 93B-2(b), as amended below. Requires the State Controller to consult with the State Auditor and solicit feedback from occupational licensing boards (licensing boards), and make the prescribed financial audit reporting format effective for reports submitted for the 2019-20 fiscal year at the latest.
Enacts GS 93B-2.1, establishing the fiscal year for each licensing board to begin on July 1 and end on June 30. Effective July 1, 2019, and applies to the fiscal year beginning on that date.
Requires the State Controller to consider whether to integrate the financial audit reports into any new standard accounting system or account software acquired and used by the State.
Current law requires each licensing board to electronically file an annual financial report with the Secretary of State, the Attorney General, the Office of State Budget and Management (OSBM), and the Joint Legislative Administrative Oversight Committee (Administrative Procedure Oversight Committee), and further requires each licensing board with a budget of at least $50,000 to conduct an annual financial audit of its operations and provide a copy to the State Auditor. Amends GS 93B-2(b) to now require each licensing board to conduct an annual financial audit of its operations and provide an electronic copy of the audit to the State Auditor, the State Controller, the OSBM, and the Administrative Procedure Oversight Committee. Additionally requires the audit to be conducted in compliance with the Generally Accepted Accounting Standards developed by the US Government Accountability Office, and provided in the form prescribed by the State Controller pursuant to GS 143B-426.39, as amended above. Amends GS 93B-4, which requires the State Auditor to audit licensing boards from time to time, to authorize the State Auditor to perform an audit upon the recommendation of the Administrative Procedure Oversight Committee. Makes conforming changes to GS 93B-2 and GS 93B-4.
Bill H 974 (2017-2018)Summary date: May 17 2018 - More information
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