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MA H4123

Relative to the Nantucket Audit Committee


summary

Introduced
09/22/2021
In Committee
10/25/2021
Crossed Over
06/16/2022
Passed
06/21/2022
Dead
Signed/Enacted/Adopted
07/08/2022

Introduced Session

192nd General Court

Bill Summary

Relative to the audit committee of the town of Nantucket. Municipalities and Regional Government. [Local Approval Received.]

AI Summary

This bill amends the charter of the town of Nantucket to establish a five-member Audit Committee, which will be responsible for overseeing the town's accounting, reporting, and financial practices. The Audit Committee will consist of the Chairman of the Select Board, the Chairman of the Finance Committee, one appointed member from the Select Board, and two members of the Nantucket community. The committee's duties include evaluating and recommending independent auditors, reviewing audit procedures and results, assessing the independence of the auditors, and reviewing the town's internal controls, accounting policies, and financial statements.

Committee Categories

Government Affairs

Sponsors (2)

Last Action

Signed by the Governor, Chapter 97 of the Acts of 2022 (on 07/08/2022)

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