The Financial Audit Division
conducts annual financial and compliance audits of all state agencies, counties,
community college districts, and universities in accordance with generally
accepted auditing standards, Government
Auditing Standards, and federal single audit requirements. These
audits provide the Legislature and other governing bodies with information on
the receipt and use of public monies, and provide the auditees with specific
recommendations to strengthen internal controls over assets and financial
transactions and to help ensure compliance with applicable state and federal
laws and regulations.
In addition, the Division
conducts special financial audits, special research projects, and reviews at the Legislature’s request.
The Division also
encompasses a Special Investigative Unit to address fraud, waste, and abuse
issues. The Unit conducts special investigations and provides training
on fraud detection and deterrence.