![]() ![]() ![]() Four other financial audits were issued in calendar year 2020. We have also issued a special report related to fund balances as of Jin accordance with statutory requirements. In addition, we also publish the Report on Internal Control over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards, which is an integral part of the Annual Comprehensive Financial Report opinion audit. The primary financial audit conducted by the office is the state’s Annual Comprehensive Financial Report, which is published by the Department of the Treasury. Box 067 Trenton, NJ 08625-0067įinancial audits are designed to provide reasonable assurance about whether the financial statements of an audited entity are fairly presented in conformity with generally accepted accounting principals. In addition, at the request of the legislative leadership or the Legislative Services Commission, the State Auditor conducts studies on the operation of state and state-supported agencies with respect to their efficiency, internal management control, and compliance with applicable laws and regulations. The law also requires the State Auditor to conduct a follow-up review to determine agency compliance with our audit recommendations. The Public Laws of 2006, Chapter 82 authorized the State Auditor to conduct a performance review of any program of any accounting agency, any independent authority, or any public entity or grantee that receives state funds. Reports are submitted to the Governor, the Legislature, and the Executive Director of the Office of Legislative Services. 52:24-1 et seq., the Office of the State Auditor is required to conduct post-audits of all transactions and accounts kept by or for all departments, offices, and agencies of state government. Under the provisions of Article VII, Section I, Paragraph 6 of the State Constitution and N.J.S.A. This independence is critical in terms of meeting professional standards and in providing fair and objective reviews and audits of governmental operations. The organization of the office within the legislative branch permits the State Auditor to be independent of the executive and judicial branches of government. Kaschak was confirmed by a joint session of the Legislature as the State Auditor. The State Auditor is a constitutional officer appointed by the Legislature for a term of five years and until a successor shall be appointed and qualified. The Office of the State Auditor is within the Office of Legislative Services under the provisions of the Legislative Services Act. A number of statutory amendments dealing with the powers and duties of the State Auditor were enacted in the ensuing years. ![]() The Office of the State Auditor, which is in the legislative branch of government, was originally established in 1934 pursuant to P.L. ![]()
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