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.
