Ill. Admin. Code tit. 86, § 850.165 – Revocation of a Certified Audit in Progress | Midpage
§ 850.165
Ill. Admin. Code tit. 86, § 850.165
Revocation of a Certified Audit in Progress
AUTHORITY: Implementing the Local Government Revenue Recapture Act [50 ILCS 355] authorized by Sections 2505-25 and 2505-795 of the Civil Administrative Code of Illinois (Department of Revenue Law) [20 ILCS 2505/2505-25] and [20 ILCS 2505/2505-795].DEPARTMENT OF REVENUE
a) the license of the qualified practitioner is suspended or revoked by the Illinois Department of Financial and Professional Regulation; or
b) the Department initiates an investigation for financial impropriety of the qualified practitioner or participating taxpayer or is notified by another local, state or federal agency of an investigation of the qualified practitioner or participating taxpayer subsequent to submission of the Notice of Engagement (See Section 850.155) but prior to Department approval of the Certified Audit Report.
Approval to participate will be revoked by the Department based on the following criteria: