Report Summary
State Board of Investment
Financial Audit
For the Year Ended June 30, 1993
Public Release Date: May 26, 1994 |
No. 94-25 |
Objectives
-
Examine the Board's Financial Statements
-
Evaluate Internal Control Structure: Investment purchases and
sales, investment custody and valuation, investment income
collection and allocation, and management fee payments and
reimbursements.
-
Test Compliance with certain Finance-Related Legal Provisions.
Conclusions
We issued an unqualified opinion on the board's financial statements.
We found the internal control structure to be effective.
We found no departures from finance-related legal provisions.