Bill > H6

This bill aims to improve the internal controls within state agencies in Massachusetts. The key provisions include: 1. Requiring the state comptroller, in consultation with the state auditor, to publish regulations establishing reporting requirements and internal control standards for state agencies and departments. Agencies must develop, document, and make their internal control systems readily accessible. 2. Designating an official within each agency, equivalent in rank to an assistant or deputy department head, to ensure the agency has written documentation of its internal control system, evaluate the system's effectiveness annually, and address any issues identified through the agency's budget requests. 3. Mandating the immediate reporting of any unaccounted-for variances, losses, shortages, violations of financial system operations and controls, or thefts to the state auditor's office, which will then review the matter and make recommendations for corrective action. 4. Requiring commonwealth authorities that do not receive direct state appropriations, but are subject to audit under the law, to comply with the internal control requirements. The bill aims to strengthen the internal control systems and oversight within state agencies, enhancing financial management and accountability.

Budget and Finance, Government Affairs

https://malegislature.gov/Bills/190/H6