Video & Transcript Research : 'audit'

Page 2 of 237
WY

Wyoming 2026 Regular Session

House Judiciary Committee, February 18, 2026

Judiciary

Transcript Highlights:
  • These reports are to be posted online by the Department of Audit by December 31st of each year.
  • posted online by the department of audit posted online by the department of audit by<00:09:51.680
  • due to the department of audit. due to the department of audit. on<00:10:11.360> page<00:
  • Since I began department of audit.
  • Justin Chavis, Director of the Department of Audit.
MN

Minnesota 2025-2026 Regular Session

House State Government Finance and Policy Committee 2/19/26

State Government Finance and Policy

Transcript Highlights:
  • So, that's rare, but that can go through that and also through audits.
  • If you look at this, so through collections, through audits, here are the dollars.
  • If you look at this, so through collections, through audits, here are the dollars.
  • If you look at this, so through collections, through audits, here are the dollars.
  • , specialized internal audit, specialized internal audit, investigation,<01:28:56.960> or<
Bills: HF1338
MN

Minnesota 2025-2026 Regular Session

House State Government Finance and Policy Committee 3/13/25

State Government Finance and Policy

Transcript Highlights:
  • Chair, I was looking through some audit reports last night.
  • This is from an audit report from Auditor Blaha.
  • Chair, I was looking through some audit reports last night.
  • This is from an audit report from Auditor Blaha.
  • Swift County and in 2012 their audit Swift County and in 2012 their audit cost<01:13:47.000>
KY
Transcript Highlights:
  • It's not a forensic audit. It's not an operational audit.
  • :36.720> would CPA or audit of public accounts would CPA or audit of public accounts would do.
  • It's not a forensic audit. It's not do. It's not a forensic audit.
  • is desired, a full replication, a spot audit of the data, or a level three audit.
  • of the data or a level uh a spot audit of the data or a level three<00:15:20.480> audit.
Summary: The meeting began with quorum, approval of the prior minutes, and an announcement that the June meeting had been canceled and replaced by this combined May/June meeting; the next official PPOB meeting was announced for July 21 at 2:30. Staff then gave an overview of the Public Pension Oversight Board’s required actuarial audit process, explaining that House Bill 238 requires a review every five years of the retirement systems’ actuarial assumptions and methods, funded by the systems themselves. The presentation distinguished this audit from a financial or forensic audit, described the three possible audit levels (full replication, limited/spot review, or basic review), and noted that the last audit in 2021 was a level one performed by Milleman Consulting at a cost of about $190,000. Members discussed timing for the next audit cycle, with a request to LRC likely needed in July or August to target the June 30, 2026 valuation, and several members expressed interest in another level one review. Questions also addressed whether prior audits found major issues; staff said the 2021 review was generally clean but recommended more consistency in reporting and assumptions across systems. The committee then welcomed new staff and interns, including Odet Guanzi of KPPPA and Team Kentucky intern Amamira Bowman. Bo Barnes of the Teachers Retirement System presented an overview of the statutory framework for reemployment after retirement under KRS 161.605. He explained that the law is intended to let retirees return to help with staffing needs, do so in an actuarially sound way through required contributions, and keep TRS compliant with federal tax rules for a qualified plan under section 401(a). Barnes described the required breaks in service and earnings limits for retirees returning part-time or full-time, including the three-month or 12-month break depending on the employer, the 6,900-day limit, and the daily wage threshold based on years of service. He also noted a lightly used critical shortage program that allows school districts to hire retirees without a wage cap, while still observing the break-in-service rules. Members asked questions about who decides the scope and level of the actuarial audit, how the audit would treat leave balances and other benefit-related items, and whether the prior level one audit identified substantial problems. Staff said the committee would request the audit, but LRC would handle contracting, and that the audit scope could include items like sick leave and annual leave costs if requested. On the reemployment topic, Barnes emphasized that the rules are designed to avoid pre-arranged retire-and-return arrangements that could jeopardize TRS’s tax-qualified status. No formal votes were taken beyond approving the minutes, and the meeting concluded with the presentations and discussion of these pension oversight issues.
LA

Louisiana 2026 Regular Session

Ways and Means May 5th, 2026

Ways & Means

Transcript Highlights:
  • And they tend to, in our law, we have some specifics about how audits are done and who they can audit
  • We have some specifics about how audits are done and who they can audit and how they can pick those audits
  • If you've ever been through an audit, which my businesses have, sales tax audits, it's a lot of work.
  • That would do the auditing.
  • bodies where I exist to let them know I am on the audit and allow them to participate in that audit
Bills: HB1039, SB423, SB436
Summary: The Ways and Means Committee met on May 5, 2026, and first considered Senate Bill 436 by Senator Cloud, which revises how annual aviation fuel estimates are calculated for the Aviation Trust Fund. Senator Cloud explained that the fund supports airport and aviation projects and has been supplemented in recent years with general fund dollars because the estimated balance has remained stagnant. The committee adopted amendments allowing DOTD’s Office of Multimodal Commerce to use federal and other public data sources, requiring Revenue to provide annual aviation fuel sales tax collections data, and making a technical change. After a brief question about existing airport disclosure requirements, the bill was reported as amended with support cards entered into the record. The committee then took up House Bill 1039 by Representative Desotel, dealing with local sales and use tax audit procedures. The bill was presented as a fairness and transparency measure for audits, but members and the author discussed substantial amendments that would remove or modify several provisions. The committee adopted the amendments except for Amendment 4, which would have required private auditing firms contracting with taxing authorities to be domiciled in Louisiana; that language was set aside for further work after concerns it could affect audits conducted outside Louisiana. Members also discussed provisions on waiving prescription periods, suspending interest and penalties by agreement, and concerns about multiple parishes auditing the same business at once. The bill was reported as amended, with several support cards and informational cards entered. Senate Bill 423 was voluntarily deferred, and there was no other business before the committee. The meeting adjourned after a motion to adjourn was adopted.
MN

Minnesota 2025 1st Special Session

House State Government Finance and Policy Committee 2/20/25

State Government Finance and Policy

Transcript Highlights:
  • I was one of the audit directors on the audit, along with Mark Mat.
  • audits.
  • audits.
  • audit or that audit realize we see this audit or that audit um<00:57:44.319> I've<00:57:44.480
  • <01:15:15.280> look an audit works I mean our audits look an audit works I mean our audits
Bills: HF1060, HF1062