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DELEGATE SHERBOW: Our Committee on Finance
and Taxation had before it a series of proposals dealing
in one form or another with the subject of post-audit.
That is, audit after the fact rather than the typical
executive type of audit which takes place currently in
various departments.
After the discussions began, we received a
number of proposals all dealing with the same subject
matter in one form or another. Some suggested a general
audit relating to finances specifying the time that they
should take place. Others related to the method in
detail by those who shall be selected and what they shall
do and what their qualifications shall be.
As you know, under the present law, we have
an executive audit which is under the Executive Department
but under the supervision and direction of the State
Comptroller. This is the current type of audit that you
know of similar to what takes place when the C.P.A. or
the accountants come in and check the records and cast
accounts and try to make sure everything is running in
proper order. |