Illinois § 2005

§ 2005.

Internal Audit Advisory Board. (a) An 11 member Internal Audit Advisory Board is created. (b) The composition of the Board shall be as follows: (1) the chief internal auditor of the Department of Central Management Services; (2) the chief internal auditor of the Office of the State Comptroller; (3) the chief internal auditor of the Office of the Secretary of State; (4) the chief internal auditor of the Office of the State Treasurer; (5) the chief internal auditor of the Office of the Attorney General; and (6) 6 chief internal auditors appointed by the Governor. At least one of the members appointed by the Governor must be an employee of a State college or university or university governing board. (c) The initial appointments by the Governor of the 6 chief internal auditors who shall be members of the Board shall be made before the next February 1 after the date this Act takes effect and shall be as follows: 2 appointments for three-year terms, 2 appointments for two-year terms, and 2 appointments for one-year terms. After the initial terms each member appointed by the Governor shall serve a three-year term. (d) A vacancy shall exist whenever a member ceases to be employed in the position which qualified the member for appointment. Vacancies shall be filled in the same manner as the original appointment. Persons appointed to fill a vacancy shall serve the balance of the unexpired term. (e) The Board shall select a chairman from its members, who shall serve for a one-year term as chairman. Board members shall receive no additional compensation for their services, but shall be reimbursed by their employing agency for expenses necessarily incurred in the performance of their duties as Board members. (f) The Board shall be responsible for: (1) promulgating a uniform set of professional standards and a code of ethics (based on the standards and ethics of the Institute of Internal Auditors, the General Accounting Office, and other professional standards as applicable) to which all State internal auditors must adhere; (2) serving as a clearinghouse for the correlation of internal audit training needs and training designed to meet those needs; and (3) coordinating peer review activities among the State's internal audit units. (Source: P.A. 86-936.)