To: DASACC Contacts
From: Paul Carlson
Subject: SAS 99
Date: 7/20/05 5:28 p.m.
Under Statement on Auditing Standards No. 99 (SAS 99), Consideration of Fraud in a Financial Statement Audit, the auditor has a responsibility to inquire of management and others within the agency about fraud.
When the Auditor of Public Accounts (as our auditor) comes to your agency to perform an examination please, be advised that they will inquire of management about any potential fraud.
Some questions they might ask of management include:
behavior and appropriate business practices?
fraud risks or otherwise help prevent, deter, and detect fraud, and how are those programs and controls monitored?
If management has knowledge of any fraud or suspect fraud, you must tell the APA and also must contact State Accounting.