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07/16/2024 11:55 AM
Pennsylvania House of Representatives
https://www.legis.state.pa.us/cfdocs/Legis/CSM/showMemoPublic.cfm?chamber=H&SPick=20230&cosponId=38764
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House of Representatives
Session of 2023 - 2024 Regular Session

MEMORANDUM

Posted: December 16, 2022 09:06 AM
From: Representative Seth M. Grove
To: All House members
Subject: Internal Auditing Law to Prevent Fraud
 
According to the Institute of Internal Auditing, an internal audit is “an independent, objective assurance activity designed to add value and improve an organization’s operations.  It helps an organization accomplish its objectives by bringing a systemic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes.” 

While there is internal auditing being completed, Pennsylvania lacks statutory governance on internal auditing to probe weaknesses in its internal controls and improve service delivery to our citizens.
Soon I will be introducing legislation to provide statutory governance for an internal auditing process in Pennsylvania state government.  This legislation will ensure agencies with an annual operating budget that exceeds $10 million, has more than 100 full-time equivalent employees, and received and processes more than $10 million of cash in a fiscal year, will operate an internal auditing program.  The legislation further requires a reporting process and public disclosure of audit reports, as well as training and risk assessments.

After we have witnessed billions in fraud over the past two years, we need to ensure that we have the best internal controls, and they are working to protect taxpayers.

I hope you will join me in this commonsense legislation to improve the internal controls of the Commonwealth.



Introduced as HB1254