Bill
Bill > S04190
NY S04190
Directs the metropolitan transportation authority to contract with a certified public accounting firm for the conducting of an independent forensic audit of such authority.
summary
Introduced
02/06/2023
02/06/2023
In Committee
01/03/2024
01/03/2024
Crossed Over
Passed
Dead
12/31/2024
12/31/2024
Introduced Session
2023-2024 General Assembly
Bill Summary
AN ACT to amend the public authorities law, in relation to directing the metropolitan transportation authority to contract for the provision of an independent forensic audit of such authority; and providing for the repeal of such provisions upon the expiration thereof
AI Summary
This bill directs the Metropolitan Transportation Authority (MTA) to contract with a certified public accounting firm to conduct an independent forensic audit of the MTA. The audit must be performed in accordance with government auditing standards and be independent of the MTA's regular annual audit. The accounting firm is prohibited from providing non-audit services to the MTA during the audit or having previously audited the MTA within the past 10 years. The firm must report its findings, conclusions, and recommendations to the Governor, State Comptroller, and various legislative leaders by January 1, 2026. The bill will take effect immediately and expire on January 2, 2026.
Committee Categories
Transportation and Infrastructure
Sponsors (2)
Last Action
REFERRED TO TRANSPORTATION (on 01/03/2024)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.nysenate.gov/legislation/bills/2023/S4190 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=S04190&term=2023&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#S04190 |
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