State of Texas Financial Portion of the Statewide Single Audit Report for the Year Ended August 31, 2001 Page: 3 of 18
This report is part of the collection entitled: Texas State Auditor's Office: Reports and was provided to The Portal to Texas History by the UNT Libraries Government Documents Department.
Extracted Text
The following text was automatically extracted from the image on this page using optical character recognition software:
Key Points of Report
State of Texas Financial Portion of the
Statewide Single Audit Report for the Year Ended
August 31, 2001
May 2002
Overall Conclusion
The State's general purpose financial statements for the year ending August
31, 2001, are materially correct in accordance with accounting principles
generally accepted in the United States. The Comptroller of Public Accounts
continues to improve the use of the Uniform Statewide Accounting System as
the primary source for the State's Comprehensive Annual Financial Report
(CAFR). This helps ensure more accurate financial information for CAFR
presentation.
The financial portion of the 2001 Statewide Single Audit included procedures
to ensure the accuracy of the State's annual financial report. KPMG, LLP
(KPMG) performed the federal portion of the 2001 Statewide Single Audit.
KPMG issued its report, State of Texas Federal Portion of the Statewide Single
Audit Report For The Year Ended August 31, 2001, under separate cover.
Key Facts and Findings
" The Department of Health (Department) has taken steps to address issues
reported in prior years that amount to a material weakness in its
accountability for state resources and its ability to provide reliable financial
information. However, the Department was not able to correct all of the
issues during the period under audit. The Department has a plan to
address the issues by May 2002.
" The Texas Education Agency and the Department of Human Services
corrected control weaknesses noted in prior years.
Contact
Joanna B. Peavy, CPA, Audit Manager (512) 936-9500
tate
dicr's
office
Lawrence F. Aiwin, CPA
This audit was conducted in accordance with Texas Government Code, Section 321.013(c).
Upcoming Pages
Here’s what’s next.
Search Inside
This report can be searched. Note: Results may vary based on the legibility of text within the document.
Tools / Downloads
Get a copy of this page or view the extracted text.
Citing and Sharing
Basic information for referencing this web page. We also provide extended guidance on usage rights, references, copying or embedding.
Reference the current page of this Report.
Texas. Office of the State Auditor. State of Texas Financial Portion of the Statewide Single Audit Report for the Year Ended August 31, 2001, report, May 2002; Austin, Texas. (https://texashistory.unt.edu/ark:/67531/metapth518413/m1/3/: accessed May 1, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting UNT Libraries Government Documents Department.