Report 2015-047 Recommendation 5 Responses
Report 2015-047: The State Bar of California: Its Lack of Transparency Has Undermined Its Communications With Decision Makers and Stakeholders (Release Date: May 2016)
Recommendation #5 To: Bar of California, State
To reduce the risk of errors in financial reporting, the State Bar should update its procedures on management's review and approval of financial statements.
6-Month Agency Response
see 60-day response.
- Completion Date: July 2016
- Response Date: November 2016
California State Auditor's Assessment of 6-Month Status: Fully Implemented
The State Bar established a policy stating, "All financial reports (quarterly, annual, external and internal financial reports) are required to be reviewed and approved by the Chief Financial Officer and the Chief Operating Officer before releasing for Board presentation or legislative filing."
60-Day Agency Response
Staff has updated the fiscal policies and incorporated this procedure (section VII in the General Accounting Policy). In the revised policies, all quarterly financial reports and annual financial statements are required to be reviewed and approved by the Chief Operating Officer before presenting to the Board and filing with the Legislature.
- Completion Date: July 2016
- Response Date: July 2016
California State Auditor's Assessment of 60-Day Status: Pending
The State Bar plans to submit supporting documentation at its 6 month response.
All Recommendations in 2015-047
Agency responses received are posted verbatim.