The Office of the State Auditor today released the results of an in-depth financial audit that found the Department of Health and Humans Services' financial statements to be accurate, complete and prepared in accordance with generally accepted accounting principles and includes no material findings.
This audit of the department's financial statements as of June 30, 2013, and June 30, 2014, and State fiscal year '13-'14 comes on the heels of the State of North Carolina's Comprehensive Annual Financial Report (CAFR), completed in December 2014, which is an audit of the department's financial statements and also revealed no material findings.
The CAFR report is conducted for each state department every year. The second financial audit was a more extensive review of the department's existing financial statements, similar to the CAFR report, but in greater depth. Both audits resulted in no deficiencies of a material weakness in the department's internal control over financial reporting.
"We are very pleased with the results of both audits," said Chief Financial Officer Rod Davis. "Our budget is in the best shape it's been in for five years. These audits are an affirmation of the progress we've made in achieving more transparency to our budgeting and better forecasting processes. We are currently on budget again this year."
As with all audits, the department appreciates an independent review that may identify opportunities to continue these important improvements.
"Sound, accurate and transparent management of the taxpayer's money is a top priority of this department, and the results of these audits demonstrate the careful oversight and attention given to the financial management of this department," he said.