A REPORT TO THE MONTANA LEGISlaTURE FINANCIal AUDIT State of Montana For the Fiscal Year Ended June 30, 2017 FEBRUarY 2018 LEGISlaTIVE AUDIT DIVISION 17-01A 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 Kim Abbott regulations having a direct and material effect on the financial
[email protected] statements. In performing the audit work, the audit staff uses Dan Bartel standards set forth by the American Institute of Certified Public
[email protected] Accountants and the United States Government Accountability Randy Brodehl Office. Financial audit staff members hold degrees with an
[email protected] emphasis in accounting. Most staff members hold Certified Tom Burnett, Vice Chair Public Accountant (CPA) certificates.
[email protected] Virginia Court The Single Audit Act Amendments of 1996 and the Uniform
[email protected] Administrative Requirements, Cost Principles, and Audit Denise Hayman Requirements for Federal Awards require the auditor to issue
[email protected] certain financial, internal control, and compliance reports in addition to those reports required by Government Auditing Senators Standards. This individual agency audit report is not intended Dee Brown to comply with these reporting requirements and is therefore
[email protected] not intended for distribution to federal grantor agencies. The Terry Gauthier Legislative Audit Division issues a statewide biennial Single Audit
[email protected] Report which complies with the above reporting requirements. Bob Keenan The Single Audit Report for the two fiscal years ended June 30,
[email protected] 2015, was issued March 29, 2016.