PRINTER'S NO. 1157
No. 1028 Session of 1997
INTRODUCED BY FLICK, FAIRCHILD, CLYMER, HUTCHINSON, STERN,
D. W. SNYDER, PETTIT, HERSHEY, WALKO, BAKER, COY, READSHAW,
GEORGE, ARMSTRONG, LEH, GRUITZA, TIGUE, SEMMEL, M. N. WRIGHT,
KENNEY, RUBLEY, SATHER, BELARDI, EGOLF, WAUGH, THOMAS,
HALUSKA, HENNESSEY, GODSHALL, MILLER, BOSCOLA, TRELLO, ITKIN,
CLARK, SEYFERT, ROHRER, E. Z. TAYLOR, MELIO, LAUGHLIN,
BENNINGHOFF AND BARD, MARCH 25, 1997
REFERRED TO COMMITTEE ON STATE GOVERNMENT, MARCH 25, 1997
AN ACT
1 Amending the act of December 19, 1990 (P.L.1200, No.202),
2 entitled "An act providing for the registration and
3 regulation of solicitations by charitable organizations,
4 professional fundraisers and other solicitors; imposing
5 additional powers on the Department of State and the Office
6 of Attorney General; prescribing civil and criminal
7 penalties; and making a repeal," further providing for
8 reports by charitable organizations.
9 The General Assembly of the Commonwealth of Pennsylvania
10 hereby enacts as follows:
11 Section 1. Section 5(f) of the act of December 19, 1990
12 (P.L.1200, No.202), known as the Solicitation of Funds for
13 Charitable Purposes Act, is amended to read:
14 Section 5. Registration of charitable organizations; financial
15 reports; fees; failure to file.
16 * * *
17 (f) Audit of certain financial reports.--The financial
18 report of every charitable organization which [received]
1 receives annual contributions [in excess of $100,000] of
2 $200,000 or more shall be audited by an independent certified
3 public accountant or public accountant. Every charitable
4 organization which receives annual contributions of at least
5 $100,000, but less than $200,000, shall be required to have a
6 review or audit of their financial statements performed by an
7 independent certified public accountant or public accountant.
8 Except for the charitable organizations described in section
9 6(a)(3), [the financial report of] every charitable organization
10 which receives annual contributions [in excess] of at least
11 $25,000, but less than $100,000, shall be [reviewed or audited]
12 required to have a compilation, review or audit of their
13 financial statements performed by an independent certified
14 public accountant or public accountant. An audit [or], review or
15 compilation is optional for any charitable organization which
16 receives annual contributions of less than $25,000 or for any
17 charitable organization described in section 6(a)(3) which
18 receives annual contributions of less than $100,000. Audits
19 shall be performed in accordance with the [Statement] Statements
20 on Auditing Standards of the American Institute of Certified
21 Public Accountants [and], whereas reviews and compilations shall
22 be performed in accordance with the [Statement] Statements on
23 Standards for Accounting and Review Services of the American
24 Institute of Certified Public Accountants.
25 * * *
26 Section 2. The act is amended by adding a section to read:
27 Section 22.1. Severability.
28 The provisions of this act are severable. If any provision of
29 this act or its application to any person or circumstance is
30 held invalid, the invalidity shall not affect other provisions
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1 or applications of this act which can be given effect without
2 the invalid provision or application.
3 Section 3. This act shall take effect in 60 days.
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