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Results of annual audit of treasurer’s office released

  

JEFFERSON CITY, Mo. – An audit of the state treasurer’s office found the overall performance of the office to be “excellent” and found “no significant deficiencies in internal controls, no significant noncompliance with legal provisions, and no significant deficiencies in management practices and procedures.”

The report was released Thursday morning by State Auditor Nicole Galloway’s office and is the result of the annual audit of the treasurer’s office as required by law. The current treasurer is the Clint Zweifel.

State Treasurer Clint Zweifel
State Treasurer Clint Zweifel

According to the auditor’s office, a report of excellent means, “that audit results indicate this entity is very well managed. The report contains no findings. In addition, if applicable, prior recommendations have been implemented.”

For the audit, transactions from the treasurer’s four major areas of operation were studied. These areas are  accounting and banking services, disbursements and records, investments and deposit programs, and unclaimed property.

Auditors reviewed policies and procedures and financial records, interviewed personnel and selected transactions related to those four major areas.

The scope of the audit included the year ending June 30, 2015 and was conducted according to guidelines released by the US Comptroller General.