REPORT DIGEST

ILLINOIS BOARD OF ADMISSIONS TO THE BAR

FINANCIAL AUDIT AND COMPLIANCE EXAMINATION
For the Two Years Ended: September 30, 2009

Summary of Findings:

Total this audit: 1

Total last audit: 0

Repeated from last audit: 0

Release Date: July 22, 2010

State of Illinois, Office of the Auditor General

WILLIAM G. HOLLAND, AUDITOR GENERAL

To obtain a copy of the Report contact:

Office of the Auditor General, Iles Park Plaza, 740 E. Ash Street, Springfield, IL 62703

(217) 782-6046 or TTY (888) 261-2887

This Report Digest and Full Report are also available on the worldwide web at www.auditor.illinois.gov

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FINDINGS, CONCLUSIONS, AND RECOMMENDATIONS

• The Board presented their financial budget for their 2008 and 2009 projected revenues and expenses to the Board of Directors approximately five months after the fiscal years began.

FINDINGS, CONCLUSIONS, AND RECOMMENDATIONS

The Illinois Board of Admissions to the Bar (Board) presented their financial budget for their 2008 and 2009 projected revenues and expenses to the Board of Directors on February 27, 2008 and February 25, 2009, respectively. This is approximately five months after the fiscal year begins. Failure to timely prepare an annual budget is non-compliance with the Board’s Management Policies and Procedures.

We recommended Board management prepare an annual budget and submit it to the Board of Directors on a timely basis for approval.

Board management agreed with our recommendation and stated hereafter they will prepare annual budgets and submit them to the Board on a timely basis for approval.

AUDITORS’ OPINION

Our auditors state the September 30, 2009 and September 30, 2008 financial statements of the Board are fairly presented in all material respects.

WILLIAM G. HOLLAND, Auditor General

WGH:JSC:pp

SPECIAL ASSISTANT AUDITOR

Kyle E. McGinnis, CPA was our special assistant auditor.