LOCAL GOV-AUDITORS

Amends the Governmental Account Audit Act. Provides that units of local government (including school districts and public colleges and universities) shall limit contracts or appointments with auditors to 5 years and shall competitively bid auditor contracts or appointments. Provides that a unit of local government may not contract with or appoint an auditor or auditing firm who has done any audit of the unit of local government in the previous 5 fiscal years unless an auditing firm practices audit partner rotation. Allows the Comptroller to waive the limitation on the same auditor or auditing firm in certain circumstances. Amends the Counties Code, the Illinois Municipal Code, the Park District Code, the School Code, the Board of Higher Education Act, and the Public Community College Act making conforming changes.