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3 golden objects Minnesota Legislature

Office of the Legislative Auditor - Financial Audit Division

Report Summary
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 Scope:

Audit Period:
Fiscal Years 2002 – 2004

Selected Audit Areas:
  • Trade Adjustment Assistance (TAA) Program Benefits
  • Indian Business Loan Program
  • Unemployment Insurance Employer Receivables

Agency Background:

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.



More Information

Office of the Legislative Auditor, Room 140, 658 Cedar St., St. Paul, MN 55155 : or 651‑296‑4708