Welcome Hector H. Balderas, Esq., CFE State Auditor Sara Specht - - PDF document

New Mexico Office of the State Auditor New Mexico Municipal League Visit us at www.osa.state.nm.us 1

Hector H. Balderas, Esq., CFE State Auditor

Welcome

Sara Specht Audit Supervisor

New Mexico Office of the State Auditor New Mexico Municipal League Visit us at www.osa.state.nm.us 2

Acronyms Elements of an Audit Finding Most Common Findings and Their Potential Remedies

State Compliance Internal Control Deficiencies

Strategies to Help Reduce Audit Findings Questions NMSA – New Mexico Statutes Annotated NMAC – New Mexico Administrative Code GAGAS – Generally Accepted Governmental Auditing Standards GASBS – Government Auditing Standards Board Statements SAS – Statement on Auditing Standards

New Mexico Office of the State Auditor New Mexico Municipal League Visit us at www.osa.state.nm.us 3

2.2.2.10(I)(3)(c) NMAC and GAGAS 4.10 to 4.14

Condition Criteria Effect Cause Recommendation Agency Response – including a specific corrective action plan

Public Money

§6‐10‐1 to §6‐10‐63 NMSA 1978

Pledged Collateral

§6‐10‐16(B) and §6‐10‐17 NMSA 1978 2.2.2.10(M)(4) NMAC

Cancellation of Warrant

§6‐10‐57 NMSA 1978

New Mexico Office of the State Auditor New Mexico Municipal League Visit us at www.osa.state.nm.us 4

Capital Assets

GASBS 34 §12‐6‐10 NMSA 1978 2.20.1 NMAC 2.2.2.10(V) NMAC

Budget Violations

§6‐6‐2(A), §6‐6‐5 to §6‐6‐7, and §6‐6‐9 NMSA 1978 2.2.2.10(O) NMAC

Per Diem and Mileage Act

§10‐8‐1 to §10‐8‐8 NMSA 1978 2.42.2 NMAC

New Mexico Office of the State Auditor New Mexico Municipal League Visit us at www.osa.state.nm.us 5

Procurement Code

§13‐1‐1 to §13‐1‐199 NMSA 1978

Late Audit Report

2.2.2.9(A) NMAC

Financial Close and Reporting Cash Payroll Information Technology

New Mexico Office of the State Auditor New Mexico Municipal League Visit us at www.osa.state.nm.us 6

Establish communication with other local public bodies to see what works for them. Fully understand the audit finding, so you can implement a remedy. Document, Document, Document Sara Specht, Audit Supervisor New Mexico Office of the State Auditor 2540 Camino Edward Ortiz, Suite A Santa Fe, New Mexico 87507 Phone: (505) 476‐3800 Fax: (505) 827‐3512 Email: Sara.Specht@osa.state.nm.us

New Mexico Office of the State Auditor New Mexico Municipal League Visit us at www.osa.state.nm.us 7

Any Questions? Thank You!