Office of the Legislative Auditor - Financial Audit Division
Department of Employment and Economic Development
Financial Audit Division Report 05-31
Released May 26, 2005
The Department of Employment and Economic Development (DEED) did not adequately restrict access to the Trade Adjustment Assistance Program’s computer system, allowing several staff with unnecessary ability to change benefit payments.
DEED did not implement effective procedures clarifying when security interest filings are required and documenting collection efforts on delinquent Indian business loans.
The audit report contained two audit findings related to internal controls and finance-related legal compliance.
Audit Period: Fiscal Years 2002 – 2004
Selected Audit Areas:
Trade Adjustment Assistance (TAA) Program Benefits
Indian Business Loan Program
Unemployment Insurance Employer Receivables
DEED is Minnesota's principal economic development agency. It manages the unemployment insurance, which collects an employer payroll tax and pays benefits to laid-off workers. DEED also administers several federal programs and a variety of economic development loans.