A RepoRt to the MontAnA LegislatuRe FinAncial Audit Montana State Lottery For the Two Fiscal Years Ended June 30, 2012 FebRuary 2013 Legislative Audit division 12-30 Financial Audits Legislative Audit Committee Financial audits are conducted by the Legislative Audit Division to determine if the financial statements included in this report Representatives are presented fairly and the agency has complied with laws and Randy Brodehl regulations having a direct and material effect on the financial
[email protected] statements. In performing the audit work, the audit staff uses Virginia Court standards set forth by the American Institute of Certified Public
[email protected] Accountants and the United States Government Accountability Mike Cuffe Office. Financial audit staff members hold degrees with an
[email protected] emphasis in accounting. Most staff members hold Certified Mary McNally Public Accountant (CPA) licenses.
[email protected] Ryan Osmundson Government Auditing Standards, the Single Audit Act
[email protected] Amendments of 1996 and OMB Circular A‑133 require the J.P. Pomnichowski auditor to issue certain financial, internal control, and compliance
[email protected] reports. This individual agency audit report is not intended to comply with these requirements and is therefore not intended Senators for distribution to federal grantor agencies. The Legislative Dee Brown
[email protected] Audit Division issues a statewide biennial Single Audit Report Taylor Brown which complies with the above reporting requirements. The
[email protected] Single Audit Report for the two fiscal years ended June 30, 2011, Greg Jergeson was issued March 29, 2012. The Single Audit Report for the two
[email protected] fiscal years ended June 30, 2013, will be issued by March 31, 2014.