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

Sep 08, 2022 •275 likes •352 views

New Mexico Office of the State Auditor New Mexico Municipal League Welcome Hector H. Balderas, Esq., CFE State Auditor Sara Specht Audit Supervisor Visit us at www.osa.state.nm.us 1 New Mexico Office of the State Auditor New Mexico Municipal

  1. New Mexico Office of the State Auditor New Mexico Municipal League Welcome Hector H. Balderas, Esq., CFE State Auditor Sara Specht Audit Supervisor Visit us at www.osa.state.nm.us 1

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

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

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

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

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

  7. New Mexico Office of the State Auditor New Mexico Municipal League Any Questions? Thank You! Visit us at www.osa.state.nm.us 7

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