ILLINOIS BOARD OF ADMISSIONS TO THE BAR FINANCIAL AUDIT AND COMPLIANCE EXAMINATION For the Two Years Ended September 30, 2005 Performed as Special Assistant Auditors for the Auditor General, State of Illinois_part1 docx

ILLINOIS BOARD OF ADMISSIONS TO THE BAR FINANCIAL AUDIT AND COMPLIANCE EXAMINATION For the Two Years Ended September 30, 2005 Performed as Special Assistant Auditors for the Auditor General, State of Illinois KYLE E. MCGINNIS CERTIFIED PUBLIC ACCOUNTANT 200 EAST PINE SPRINGFIELD, ILLINOIS 62704 This is trial version www.adultpdf.com Illinois Board of Admissions to the Bar Financial Audit and Compliance Examination For the Two Years Ended September 30, 2005 Table of Contents Page Table of Contents 1 Board Officials 3 Management Assertion Letter 4 Compliance Report Summary 5 Auditor's Report Independent Accountants' Report on State Compliance, On Internal Control Over Compliance, and on Supplementary Information for State Compliance Purposes 6 Findings and Recommendations Current Findings (None) 9 Prior Findings Not Repeated (None) 10 Financial Statement Report Summary 11 Independent Auditors' Report 12 Financial Statements Comparative Statement of Financial Position 14 Comparative Statement of Activities 15 Comparative Statement of Cash Flows 16 Notes to the Financial Statements 17 Supplemental Information Statement of Functional Expenses for the Fiscal Year Ended September 30, 2005 22 Statement of Functional Expenses for the Fiscal Year Ended September 30, 2004 23 Supplementary Information Summary 24 1 This is trial version www.adultpdf.com Page Fiscal Schedules and Analysis Schedule of Changes in Property 25 Comparative Schedule of Cash Receipts 26 Comparative Schedule of Expenses 26 Expenses on a Functional Basis 26 Analysis of Significant Balance Sheet Accounts 27 Analysis of Significant Variations in Cash Receipts 29 Analysis of Significant Variations in Expensese 30 Analysis of Operations Board Functions and Planning Program 31 Number of Employees 32 Service Efforts and Accomplishments (Unaudited) 32 2 This is trial version www.adultpdf.com 3 BOARD OFFICIALS ILLINOIS BOARD OF ADMISSIONS TO THE BAR Director of Administration Ms. Jan Hefti Deputy Director of Administration Ms. Lillian Walton Members of the Board President Mr. David W. Andich Secretary/Treasurer Mr. Donald H. Funk Member of the Board Mr. Neil K. Quinn Member of the Board Mr. Richard J. Prendergast Member of the Board Mr. Theodore L. Kuzniar Member of the Board Mr. John J. Rekowski Member of the Board Mr. Lawrence N. Hill Board offices are located at: 625 South College Street Springfield, Illinois 62704 This is trial version www.adultpdf.com This is trial version www.adultpdf.com INSERT COMPLIANCE REPORT TAB HERE This is trial version www.adultpdf.com 5 ILLINOIS BOARD OF ADMISSIONS TO THE BAR COMPLIANCE REPORT SUMMARY The compliance testing performed during the examination was conducted in accordance with the Illinois State Auditing Act. AUDITOR’S REPORTS The Independent Accountants’ Report on State Compliance on Internal Control Over Compliance and on Supplementary Information for State Compliance Purposes does not contain any scope limitations, disclaimers, or other significant non-standard language. SUMMARY OF FINDINGS Number of This Report Prior Report Findings 0 0 Repeated findings 0 0 Prior recommendations implemented or not repeated 0 0 EXIT CONFERENCE In a letter dated February 14, 2006 the officials of the Illinois Board of Admissions to the Bar determined that a formal exit conference would not be necessary. This is trial version www.adultpdf.com INSERT YELLOW AUDITOR’S REPORT TAB HERE This is trial version www.adultpdf.com This is trial version www.adultpdf.com 7 Our examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants; the Illinois State Auditing Act (Act); and the Audit Guide as adopted by the Auditor General pursuant to the Act; and, accordingly, included examining, on a test basis, evidence about the Illinois Board of Admissions to the Bar’s compliance with those requirements and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis for our opinion. Our examination does not provide a legal determination on Illinois Board of Admissions to the Bar’s compliance with specified requirements. In our opinion, Illinois Board of Admissions to the Bar complied, in all material respects, with the aforementioned requirements during the years ended September 30, 2005 and 2004. The results of our procedures disclosed no instances of noncompliance with those requirements, which are required to be reported in accordance with criteria established by the Audit Guide, issued by the Illinois Office of the Auditor General. As required by the Audit Guide, immaterial findings relating to instances of noncompliance excluded from this report have been reported in a separate letter to your office. Internal Control The management of Illinois Board of Admissions to the Bar is responsible for establishing and maintaining effective internal control over compliance with the requirements of laws and regulations. In planning and performing our examination, we considered the Illinois Board of Admissions to the Bar’s internal control over compliance with the aforementioned requirements in order to determine our examination procedures for the purpose of expressing our opinion on compliance and to test and report on internal control over compliance in accordance with the Audit Guide, issued by the Illinois Office of the Auditor General. Our consideration of internal control over compliance with the aforementioned requirements would not necessarily disclose all matters in internal control that might be material weaknesses. A material weakness is a condition in which the design or operation of one or more internal control components does not reduce to a relatively low level the risk that noncompliance with applicable requirements of laws and regulations that would be material in relation to one or more of the aforementioned requirements being examined may occur and not be detected within a timely period by employees in the normal course of performing their assigned functions. We noted no matters involving internal control over compliance that we consider to be material weaknesses. The results of our procedures disclosed no matters involving internal control which are required to be reported in accordance with criteria established by the Audit Guide, issued by the Illinois Office of the Auditor General. As required by the Audit Guide, immaterial findings relating to internal control deficiencies excluded from this report have been reported in a separate letter to your office. This is trial version www.adultpdf.com . ILLINOIS BOARD OF ADMISSIONS TO THE BAR FINANCIAL AUDIT AND COMPLIANCE EXAMINATION For the Two Years Ended September 30, 2005 Performed as Special Assistant Auditors for the Auditor General,. version www.adultpdf.com Illinois Board of Admissions to the Bar Financial Audit and Compliance Examination For the Two Years Ended September 30, 2005 Table of Contents Page Table of Contents 1 Board Officials. ILLINOIS BOARD OF ADMISSIONS TO THE BAR COMPLIANCE REPORT SUMMARY The compliance testing performed during the examination was conducted in accordance with the Illinois State Auditing