Montana Facility Finance Authority Financial-Compliance Audit (10-12)

A RepoRtto theMontAnALegisLAtuReFinAnciAL-coMpLiAnce AuditMontana Facility Finance AuthorityFor the Two Fiscal Years Ended June 30, 2010deceMbeR 2 0 1 0LegisLAtive Auditdivision10-12Financial-Compliance AuditsLegislative AuditFinancial-compliance audits are conducted by the Legislative CommitteeAudit Division to determine if an agency’s financial operations are properly conducted, the financial reports are presented Representatives fairly, and the agency has complied with applicable laws and Dee Brown, Vice Chair regulations. In performing the audit work, the audit staff uses Betsy Handsstandards set forth by the American Institute of Certified Public Scott MendenhallAccountants and the United States Government Accountability Carolyn Pease-LopezWayne Stahl Office. Financial-compliance audit staff members hold degrees Bill Wilson with an emphasis in accounting. Most staff members hold Certified Public Accountant (CPA) certificates.SenatorsMitch Tropila, Chair Government Auditing Standards, the Single Audit Act Greg Barkus Amendments of 1996 and OMB Circular A-133 require the John Brenden auditor to issue certain financial, internal control, and compliance Taylor Brown reports. This individual agency audit report is not intended to Mike Cooney comply with these reporting requirements and is therefore Cliff Larsennot intended for distribution to federal grantor agencies. The Legislative Audit Division issues a statewide biennial Single Audit ...