Audit and Assurance
Prepared by: Anthony Allen
Report created on April 19, 2024
 
HB38AREA DEVELOPMENT DISTRICTS (WELLS W) Amend KRS 147A.117 to require that the Auditor of Public Accounts' bill shall not exceed a quote given to an area development district by a certified public accountant for the same audit; EMERGENCY; EFFECTIVE July 1, 2018.
 Current Status:   1/10/2018 - (H) WITHDRAWN
 Recent Status:   1/2/2018 - (H) Referred to Committee House State Government
1/2/2018 - Introduced (Pre-Filed)
 State Bill Page:   http://www.lrc.ky.gov/record/18RS/HB38.htm
 
HB67UNEMPLOYMENT INSURANCE (WELLS W) Create a new section of KRS Chapter 341 to define a "seasonal/on recall employee" and require certification for an employer with these types of employees; amend KRS 341.350 to exempt seasonal/on recall employees from the waiting week and reemployment requirements.
 Current Status:   2/28/2018 - (H) posted in committee House Economic Development and Workforce Investment
 Recent Status:   1/3/2018 - (H) reassigned to committee House Economic Development and Workforce Investment
1/2/2018 - (H) Referred to Committee House Banking and Insurance
 State Bill Page:   http://www.lrc.ky.gov/record/18RS/HB67.htm
 
HB122FIRE DEPARTMENT REPORTING (MEREDITH M) Amend KRS 65A.010, 75.430, and 95A.055 to require fire departments created under KRS Chapter 273 to report to the Fire Commission under KRS 95A.055 rather than under KRS Chapter 65A.
 Current Status:   4/9/2018 - BECAME LAW WITHOUT GOVERNOR'S SIGNATURE
 Recent Status:   4/2/2018 - filed without Governor's signature with the Secretary of State
3/27/2018 - delivered to Governor
 State Bill Page:   http://www.lrc.ky.gov/record/18RS/HB122.htm
 
HB177CERTIFIED PUBLIC ACCOUNTANTS (MILLER J) Amend KRS 325.220 to define "peer review" as designed to promote quality in "accounting and auditing services"; change "peer review committee" to " sponsoring organization"; amend KRS 325.301 to allow an out-of-state CPA firm to perform attest services within Kentucky; exempt out-of-state CPA firms from paying the initial application fee; require firms to grant the Accountancy Board access to peer review documents maintained in Facilitated State Board Access; allow the board to appoint a peer review oversight committee to monitor the peer review program; amend KRS 325.340 to allow the board to privately reprimand CPAs and CPA firms; allow CPAs and CPA firms to apply to have minor violations removed from their professional record after ten years; limit a licensee from having his or her record expunged more than once.
 Current Status:   3/23/2018 - SIGNED BY GOVERNOR
 Recent Status:   3/12/2018 - delivered to Governor
3/12/2018 - Enrolled, Signed by President of the Senate
 State Bill Page:   http://www.lrc.ky.gov/record/18RS/HB177.htm
 
HB184WAGE AND HOUR LAW (KOENIG A) Amend KRS 337.010 to clarify that employers covered by the Fair Labor Standards Act federal wage and hour law that are comparable or greater should apply over KRS Chapter 337; amend KRS 337.285 to bring into conformity with federal overtime law; amend KRS 337.385 to conform the statute of limitations to federal law.
 Current Status:   1/17/2018 - (H) Referred to Committee House Economic Development and Workforce Investment
 Recent Status:   1/11/2018 - Introduced
 State Bill Page:   http://www.lrc.ky.gov/record/18RS/HB184.htm
 
HB220MARKETPLACE CONTRACTORS (NEMES J) Create a new section of KRS Chapter 342 defining "marketplace contractor" and "marketplace platform" and establishing the criteria in which a marketplace contractor shall not be deemed to be an employer of a marketplace platform.
 Current Status:   3/21/2018 - SIGNED BY GOVERNOR
 Recent Status:   3/9/2018 - delivered to Governor
3/9/2018 - Enrolled, Signed by President of the Senate
 State Bill Page:   http://www.lrc.ky.gov/record/18RS/HB220.htm
 
HB245SUCCESSOR CORPORATION ASBESTOS RELATED LIABILITIES (BANTA K) Create new sections of KRS Chapter 411 to define terms; apply limitations to successor corporations' liability, except in certain enumerated situations; stipulate when the fair market value of a successor corporation's total gross assets are determined; stipulate how a successor corporation may establish fair market value; stipulate how the prime rate is to be calculated.
 Current Status:   3/15/2018 - (H) reassigned to committee House Judiciary
 Recent Status:   2/6/2018 - (H) posted in committee House Economic Development and Workforce Investment
1/26/2018 - (H) Referred to Committee House Economic Development and Workforce Investment
 State Bill Page:   http://www.lrc.ky.gov/record/18RS/HB245.htm
 
HB248FANTASY CONTESTS (KOENIG A) Establish KRS Chapter 239 and create new sections thereof to establish definitions; require fantasy contest operators to be registered with the cabinet before operating fantasy contests; establish registration requirements; create the fantasy contest administration fund; prescribe the conditions upon which the cabinet may grant registration to a fantasy contest operator; require registrants to implement reasonable procedures for the conduct of fantasy contests that require an entry fee; require registrants to annually submit their records to a cabinet-approved certified public accountant to perform an audit; direct registrants to keep daily records of its operations; direct the cabinet to promulgate administrative regulations that govern the operation of fantasy contests, with exceptions.
 Current Status:   3/19/2018 - (H) recommitted to committee House Licensing, Occupations, and Administrative Regulations
 Recent Status:   3/16/2018 - (H) Posted for Passage in Regular Orders of the Day; w/HCS 1, HFA 1, 2
3/15/2018 - (H) Posted for Passage in Regular Orders of the Day; w/HCS 1, HFA 1, 2
 State Bill Page:   http://www.lrc.ky.gov/record/18RS/HB248.htm
 
HB281PROPRIETARY EDUCATION (PRATT P) Repeal and reenact KRS 165A.310, relating to proprietary education, to delete outdated definitions and add definition of "license"; amend KRS 165A.330 to require renewal applications to be filed annually 45 days prior to the expiration date; amend KRS 165A.340 to require a biennial audit of the commission; expand the advertising requirements to be administered by the commission; delete the requirement for the commission to monitor programs and courses offered by licensed institutions; amend KRS 165A.370 to revise the minimum standards for licensure of proprietary schools; amend various sections of KRS Chapter 165A to conform.
 Current Status:   4/2/2018 - SIGNED BY GOVERNOR
 Recent Status:   3/21/2018 - delivered to Governor
3/21/2018 - Enrolled, Signed by President of the Senate
 State Bill Page:   http://www.lrc.ky.gov/record/18RS/HB281.htm
 
HB310GOVERNMENTAL ENTITIES INFORMATION (THOMAS W) Amend KRS 83A.085 to allow for electronic submission of specific city information by the city clerk to the Department for Local Government and the Legislative Research Commission; amend KRS 65.905 and 65.925 to require compiled data from the uniform financial information report to be provided electronically to the Commission; delete the requirement that DLG file a copy of the report with the applicable county clerk.
 Current Status:   3/30/2018 - SIGNED BY GOVERNOR
 Recent Status:   3/20/2018 - delivered to Governor
3/20/2018 - Enrolled, Signed by President of the Senate
 State Bill Page:   http://www.lrc.ky.gov/record/18RS/HB310.htm
 
HB581AREA DEVELOPMENT DISTRICTS (DUPLESSIS J) Amend KRS 147A.004 to establish a formula for distribution of funds through the Joint Funding Administration Program; amend KRS 147A.050 to require the Interim Joint Committee on Local Government to realign the 15 area development districts into no more than 12 area development districts no later than July 1, 2020, based on both population and land mass and to continually realign those districts as new population projections are made by the Kentucky State Data Center.
 Current Status:   3/1/2018 - (H) Referred to Committee House Local Government
 Recent Status:   2/27/2018 - Introduced
 State Bill Page:   http://www.lrc.ky.gov/record/18RS/HB581.htm
 
SB35WAGE AND HOURS EXEMPTION (SCHICKEL J) Amend KRS 337.010 to include employees of amusement and recreational facilities that are open for no more than seven months in a year in the exemptions relating to wages and hours, bringing Kentucky's laws in line with the federal exemptions.
 Current Status:   4/13/2018 - floor amendments (4), and (5) filed to Committee Substitute, floor amendments (3) and (6) filed
 Recent Status:   3/27/2018 - (H) SECOND READING, to Rules
3/22/2018 - floor amendment (1) filed to Committee Substitute, floor amendment (2) filed to Bill
 State Bill Page:   http://www.lrc.ky.gov/record/18RS/SB35.htm
 
SB83FINANCIAL MISMANAGEMENT INVESTIGATIONS (CARROLL D) Amend KRS 45.131 to require the Finance and Administration Cabinet, the Chief Justice, and the Legislative Research Commission to investigate any alleged mismanagement of any of the affairs of the state by any current or former officer, employee, or governing body responsible for carrying out any state function or the management of state funds; amend KRS 45.142 to add KRS Chapter 45A, the Model Procurement Code, to those chapters for which the secretary of the Finance and Administration Cabinet, the Chief Justice, and the Legislative Research Commission, on behalf of their respective departments, shall have certain investigative powers to enforce.
 Current Status:   2/14/2018 - Senate State and Local Government, (Bill Scheduled for Hearing)
 Recent Status:   1/18/2018 - (S) Referred to Committee Senate State and Local Government
1/17/2018 - Introduced
 State Bill Page:   http://www.lrc.ky.gov/record/18RS/SB83.htm
 
SB91CITY FINANCIAL ACCOUNTABILITY (WILSON M) Amend KRS 91A.040, relating to city audits, to no longer require that paper copies of audits be sent to the Department for Local Government (DLG); increase the threshold for cities to have audits every other year from 1,000 persons to 2,000 persons; require the audit or financial statement, as applicable, to be transmitted to DLG no later than October 1 following the close of the fiscal year; maintain more stringent audit standards where may be required by law; allow enforcement of law by action in Circuit Court; create a process by which cities may apply to DLG for an extension of time to complete an audit or financial statement; set out a penalty for not completing an audit in a timely manner; amend KRS 424.220 to stipulate who the appropriate officer is to cause the publication of required financial statements; amend KRS 42.460 to conform; amend KRS 424.190 to conform to providing only an electronic copy of the audit report or financial statement to DLG.
 Current Status:   3/9/2018 - SIGNED BY GOVERNOR
 Recent Status:   2/26/2018 - delivered to Governor
2/26/2018 - Enrolled, Signed by Speaker of the House
 State Bill Page:   http://www.lrc.ky.gov/record/18RS/SB91.htm
 
SB118MEDICAL CANNABIS (WEST S) Create new sections of KRS Chapter 218A to define terms; restrict medical cannabis to certain patients with qualifying debilitating conditions; establish requirements for cultivation, production, processing, distribution, and sale in compassion centers; establish requirements for patients, visiting patients, and caregivers; establish professional protections for practitioners; establish certain protections for cardholders; establish responsibilities for cardholders; allow restrictions on possession, possession while operating a motor vehicle, and smoking; specify that use of medical cannabis by a qualifying patient is to be treated the same as use of prescribed pharmaceutical medications; establish additional protections for medical use; specify that nothing in the bill requires government programs or private insurers to reimburse for the costs of use or prohibits an employer from disciplining an employee for workplace impairment; establish a medical purpose defense for some uses of medical cannabis; establish the Department for Medical Cannabis Administration to enforce the program's provisions; establish requirement that local law enforcement be hired or contracted with for local inspections, investigations, and administrative duties; establish a process for the department to increase the list of debilitating medical conditions; require testing and quality regulation of the production, cultivation, processing, and sale of medical cannabis; establish requirements for licenses, facilities security, transportation, training, packaging, labeling, and health and safety; establish rules on advertising, additives, pesticides, and requiring random sample testing and safe processing; require licensure and issuance of cards for all medical cannabis businesses; establish certain licensure and application fees; require the department to issue registry cards to patients submitting the required information; establish procedures for denying an application; establish technical requirements for cards and for cardholders; establish a provisional licensure process; establish cardholder fees and notification requirements; require 60% of the boards of medical cannabis businesses to be composed of individuals with 3 years of continuous Kentucky residence: establish 3 tiers of medical cannabis business regulation by gross receipts; establish requirements for applying producers, cultivators, distributors, and processors; establish requirements for cultivator businesses, including addressing expansion of crops to meet market needs; establish protections and responsibilities for compassion centers, cultivators, and safety compliance facilities; establish procedures for the department to suspend or revoke registration and licensure; establish rules for local sales, including a requirement that a local legislative body take action to approve medical cannabis businesses; establish a process for local ordinances and ballot initiatives; establish requirements for medical cannabis business agents; prohibit location of a medical cannabis business within a certain distance from a school; establish a requirement that compassion centers obtain usable medical cannabis from only certain licensed entities; establish recordkeeping requirements; protect certain records and information from disclosure via the Kentucky Open Records Act; require establishment of a verification system for use by law enforcement personnel and medical cannabis business agents; establish a 19-member oversight committee to advise the department; require an annual report to be sent to the Legislative Research Commission; establish authority for the department to promulgate administrative regulations; establish a method by which any citizen may commence an action in the Franklin Circuit Court to compel the department to perform its duties; establish an alternative method to create a valid registry identification card if the department fails to act; clarify that the department's duties are administrative in nature; establish a medical cannabis trust fund to receive fees, fines, and registration costs and administer and operate the medical cannabis program; require 5% of trust fund moneys to be returned to the compassion centers for the use of certain indigent persons; amend KRS 218A.1421 to allow and exempt conduct allowed by the medical cannabis program; amend KRS 218A.1422 to allow and exempt conduct allowed by the medical cannabis program; amend KRS 218A.1423 to allow and exempt conduct allowed by the medical cannabis program; amend KRS 12.020 and 12.242 to reflect the creation of the Department for Medical Cannabis Administration.
 Current Status:   2/2/2018 - (S) Referred to Committee Senate Veterans, Military Affairs, and Public Protection
 Recent Status:   1/30/2018 - Introduced
 State Bill Page:   http://www.lrc.ky.gov/record/18RS/SB118.htm
 
SB144AUDITS OF COUNTY OFFICERS (HUMPHRIES S) Amend KRS 43.070 to allow clerks and sheriffs to enter into an agreement with the Auditor of Public Accounts to satisfy statutory audit requirements by entering into an agreed-upon procedures engagement that will be performed by the Auditor.
 Current Status:   4/10/2018 - SIGNED BY GOVERNOR
 Recent Status:   3/29/2018 - delivered to Governor
3/29/2018 - Enrolled, Signed by Speaker of the House
 State Bill Page:   http://www.lrc.ky.gov/record/18RS/SB144.htm
 
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