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Without admitting or denying the findings, Luther Speight and his firm Luther Speight and Company agreed to pay civil penalties of $20,000 and $10,000, respectively.
October 3 -
AI will be part of a new tax-enforcement effort that will target high-income earners, partnerships, and large corporations.
September 12 -
The state-created agency has a plan to finally tap hitherto unused proceeds from a 2021 bond issue.
July 31 -
The "act to increase compliance by counties and municipalities that fail to timely submit an annual audit report," was called too harsh by Gov. Roy Cooper.
June 21 -
The Legacy Capital Financing Act would give the state another option to fund capital projects after a delayed annual audit prevented the issuance of bonds.
May 31 -
Illinois' net position for governmental activities remains deep in the red but after years of falling further behind, it trimmed the gap in fiscal 2022.
February 2 -
The agency has already begun hiring new staff and preparing for an $80 billion dollar agencywide influx of funding.
November 4 -
The Utah Inland Port Authority, which sold $150 million of bonds in December, asked the audit team to provide direction on potential risks.
September 22 -
Illinois headed into the new fiscal year with healthier metrics on multiple fronts but its last audit illustrates the long-term drag posed by the state's retirement burden.
July 5 -
Audit times for municipal bond issuers are on the rise, with the median reaching 164 days in 2020 compared with 147 in 2009.
May 3