|Financial Audit Division Report 12-09||Released April 17, 2012|
The Minnesota State Board of Investment’s (SBI) basic financial statements were fairly presented in all material respects. However, SBI had a weakness in its internal controls over financial reporting, a prior audit finding that it had not resolved, as noted below.
We audited SBI’s basic financial statements for the fiscal year ended June 30, 2011.
1 Office of the Legislative Auditor’s Financial Audit Division Report 11-16, State Board of Investment, issued June 16, 2011.