Frerichs announces firm will review Treasurer's office

SPRINGFIELD, Ill. (AP) - Illinois Treasurer Michael Frerichs says he's bringing in a consulting firm to conduct a performance review of how his office handles its books.

Frerichs said Monday that Plante Moran would be brought in to examine the office's accounting, budgeting and cash management to improve efficiency and reduce costs. He says Plante Moran is running the review at no cost to the state.

The firm will identify potential changes to existing treasurer programs, find areas for improvements to internal controls and evaluate how investments can be boosted.

Frerichs, a Democrat, has refused to release a report about allegations against his predecessor, Republican Dan Rutherford.

Rutherford came under fire during his unsuccessful bid for governor when sexual harassment allegations surfaced from a former aide. Rutherford has denied the allegations.