Multiple Agencies
State of Texas Financial Portion of the Statewide Single Audit Report
for the Year Ended August 31, 2001
May 2002
Report Number 02-555 and KPMG's report
Overall Conclusion
The State's general purpose financial statements for the year ending August 31, 2001, are materially correct in accordance with accounting principles generally accepted in the United States. The Comptroller of Public Accounts continues to improve the use of the Uniform Statewide Accounting system as the primary source for the State's comprehensive annual financial report.
Key Facts
The Statewide Single Audit is an annual audit for the State of Texas. It is conducted so the State complies with the Single Audit Amendments of 1996 and Office of Management and Budget (OMB) Circular A-133.
Federal portion - The State Auditor's Office contracted KPMG, LLP, to perform the federal portion of the 2001 Statewide Single Audit. The federal portion included a review of compliance and controls over the State's federal awards and an audit of the Schedule of Expenditures of Federal Awards. See KPMG's report including findings, recommendations, and management responses.
Financial portion - The State Auditor's Office performed the financial portion of the 2001 Statewide Single Audit. The financial portion includes an audit of the State's financial statements and a review of significant financial and compliance controls. See SAO Report No. 02-555 and its findings, recommendations, and management responses.
The two reports are submitted to the Federal Government to fulfill Single Audit
reporting requirements.
Related Report
Highlights
From the 2001 Financial Statewide Single Audit
Contact the SAO about this report.
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