Statutory Audits

Section 2-90 of the General Statutes authorizes the State Auditors to examine the books and records of State departments, commissions and boards. Generally, these audits will cover two fiscal years and will focus on State, rather than Federal, Funds. These audits will be in addition to whatever audit work may have been done to satisfy the requirements for the CAFR audit and the Statewide Single Audit. A "2-90 Audit" focuses on the internal control structure and compliance with laws, regulations, contracts and grants. A "2-90 Audit" is considered a "financial related audit" as defined in the "Yellow Book". The financial statement audit is done as part of our work on the CAFR.

The transaction testing performed as part of a "2-90 Audit" at individual State agencies is directed at evaluating the internal control systems and compliance issues relative to the individual agencies. Where the internal control structure or compliance issue is material or significant to issuing an opinion on the CAFR or to satisfy the requirements of the Federal Single Audit Act, the internal control structure or compliance issue has been included under the scope of our CAFR and/or Single Audit work. Thus, problems with internal control systems or compliance issues identified through transaction testing under our "2-90 Audit" procedures will not be material or significant to conclusions reached on a statewide basis relative to either the CAFR or the Federal Statewide Single Audit.