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3 golden objects Minnesota Legislature

Office of the Legislative Auditor - Financial Audit Division

Report Summary

Management Letter

Department of Trade and Economic Development

Fiscal Year Ended June 30, 2002

Key Finding and Recommendation

  • The department did not review or monitor subrecipient audits of the Workforce Investment Act (WIA)-Dislocated Worker program and ensure that prompt corrective action was taken on any audit issues raised. Without a review, the department has not fulfilled its oversight responsibility for this federal program.

Management letters address internal control weaknesses and noncompliance issues found during our annual audit of the state's financial statements and federally funded programs. The scope of work in individual agencies is limited. During the fiscal year 2002 audit, our work at the Department of Trade and Economic Development focused on financial activities of the Agriculture and Economic Development Board and two federal programs administered by the department.