55 ILCS 5/6-31003
2021 Illinois Compiled Statutes|Chapter 55 - COUNTIES|55 ILCS 5/ - Counties Code.|Article 6 - Finance

 (from Ch. 34, par. 6-31003)Sec. 6-31003. Annual audits and reports. The county board of each  county shall cause an audit of all of the funds and accounts of the county  to be performed annually by an auditor or auditors chosen by the county board or by an auditor or auditors   retained by the Comptroller, as hereinafter provided.  In addition, each  county shall file with the Comptroller  a financial report containing information required by the Comptroller.  Such financial report shall be on a form so designed by the Comptroller  as not to require professional accounting services for its preparation. All audits and reports to be filed with the Comptroller under this Section must be submitted electronically and the Comptroller must post the audits and reports on the Internet no later than 45 days after they are received.  If the county provides the Comptroller's Office with sufficient evidence that the audit or report cannot be filed electronically, the Comptroller may waive this requirement.  The Comptroller must also post a list of counties that are not in compliance with the reporting requirements set forth in this Section.Any financial report under this Section shall include the name of the purchasing agent who oversees all competitively bid contracts. If there is no purchasing agent, the name of the person responsible for oversight of all competitively bid contracts shall be listed.The audit shall commence as soon as possible after the close of each  fiscal year and shall be completed within 180 days after the close of such  fiscal year, unless an extension of time is granted by the Comptroller in  writing. Such extension of time shall not exceed 60 days. When the auditor or auditors have completed the audit a full report thereof shall be made  and not less than 2 copies of each audit report shall be submitted to the  county board. Each audit report shall be signed by the auditor performing   the audit and shall include only financial information, findings and  conclusions that are adequately supported by evidence in the auditor's  working papers to demonstrate or prove, when called upon, the basis for the  matters reported and their correctness and reasonableness.  In connection  with this, each county board shall retain the right of inspection of the  auditor's working papers and shall make them available to the Comptroller,  or his designee, upon request.Within 60 days of receipt of an audit report, each county board shall file  one copy of each audit report and each financial report with the Comptroller  and any comment or explanation that the county board may desire to make  concerning such audit report may be attached thereto. An audit report  which fails to meet the requirements of this Division shall be  rejected by the Comptroller and returned to the county board for corrective  action.  One copy of each such report shall be filed with the county clerk  of the county so audited.This Section is a limitation under subsection (i) of Section 6 of Article VII of the Illinois Constitution on the concurrent exercise by home rule counties of powers and functions exercised by the State. (Source: P.A. 101-419, eff. 1-1-20.)