IN THIS LESSON

The Department of Legislative Audit.

Department of Legislative Audit audits most SD agencies for the Annual Comprehensive Financial Report for the State of South Dakota.

  • Renae reports the incident to Dept. of Legislative Audit June 23 to make sure it is dealt with in the FY25 audit as Fiscal Year end is June 30.

  • Russ Olson confirms they received the report and they will let the AG lead on what to do next.

  • Issued clean audit for FY25 in September with no further communications.

  • At least they say several times in the FY 25 report that they don’t look for Internal Control issues. And apparently, even if a whistleblower reports to them directly, they still aren’t going to look.

  • If this is the quality of Leg. Audit work, how long has it been since any agency in the state of South Dakota has been “effectively” audited?

  • Is South Dakota really a AAA credit rating?

  • Nightmare fuel for bond investors.

Signs of Fraud page on Internal Controls presentation by Dept. of Legislative Audit