Financial Audit of the Department of Human Resources Development A Report to the Governor and the Legislature of the State of Hawai‘i Report No 07-09 December 2007 part1 ppt
... Development
Report No. 07-09
December 2007
A Report to the
Governor
and the
Legislature of
the State of
Hawai‘i
Conducted by
The Auditor
State of Hawai‘i
and
Accuity LLP
THE AUDITOR
STATE OF HAWAI‘I
Submitted ... of
the State of
Hawai‘i
THE AUDITOR
STATE OF HAWAI‘I
Report No. 07-09
December 2007
This is trial ve...
... Governmental Accounting Standards
Board (GASB) Statement No. 34, Basic Financial Statements – and
Management’s Discussion and Analysis – for State and Local
Governments. GASB Statement No. 34 sharpens ... for in accordance
with federal and state laws, rules and regulations, and policies and
procedures.
3. Make recommendations as appropriate.
We audited the financial...
... version
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Financial Audit of the
Department of Agriculture
A Report to the
Governor
and the
Legislature of
the State of
Hawai`i
THE AUDITOR
STATE OF HAWAI`I
Report No. 05-02
April 2005
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2
Chapter ... version
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Financial Audit of the
Department of Agriculture
Report N...
... reviewed the extent to which recommendations made
in the department s prior external financial audit and in Chapter 2 of
the State Auditor’s Report No. 94-22, Financial Audit of the
Department of Agriculture, ... to
March 2005 according to auditing standards generally accepted in the
United States of America as established by the Auditing Standards...
... greater than the department& apos;s original internal calculation.
We further noted that the analyses and calculations of the allowance is
performed only at fiscal year end. Because of the volatility ... for the administration of
its loan program. This includes the analysis of the collectibility of
each loan and the determination of an adequate allowance for l...
... the United
States. Those standards require that we plan and perform the audit to
obtain reasonable assurance about whether the financial statements are
free of material misstatement. An audit includes ... Auditor
State of Hawai`i:
We have audited the accompanying financial statements of the
governmental activities, each major fund, and the aggregate remaining...
... Budgeting and
Budgetary Control
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36
Chapter 3: Financial Audit
The Auditor
State of Hawai`i:
We have audited the financial statements of the Department of
Agriculture, ... estimates and
assumptions that affect the reported amounts of assets and liabilities, the
disclosure of contingent assets and liabilities at the...
... under the plan are equal to those of the general
creditors of the State in an amount equal to the fair market value of the
deferred account for each participant. The assets of the plan and the
deferred ... follows:
The department, as lessor, has non-cancelable lease agreements for
parcels of land at agricultural parks located throughout the State of...
... is
included as Attachment 1. The response of the department is included as
Attachment 2.
The department states that it was given an opportunity to adjust its
allowance for loan losses, and thereby ... 67
Comments on
Agency Response
Response of the Affected Agency
We transmitted a draft of this report to the Department of Agriculture on
April 4, 2005. A copy...