Office of the Legislative Auditor - Financial Audit Division

Report Summary
Transportation Regulation Board

Financial Audit

For the Three Years Ended June 30, 1993

Objectives

• Evaluate Internal Control Structure: Personnel services; and professional/technical services.

• Test Compliance with certain Finance-Related Legal Provisions.

Conclusions

We found the internal control structure to be effective.

We reported on one area where the board was assessed and paid the Attorney General 50 percent of the cost of legal fees rather than the full cost. The Attorney General began assessing the full cost of legal fees in October 1993, when the discrepancy was found.