McClain County Treasurer Teresa Jones recently received a clean audit from State Auditor and Inspector Cindy Byrd’s office.
In a letter to Jones, Byrd said, “For the purpose of complying with 74 O.S. § 212, we have performed the following procedures:
• Determine whether bank reconciliations are properly performed, visually verify the certificates of deposit, and confirm the investments.
• Determine whether subsidiary records are reconciled to the general ledger.
• Determine whether deposits and invested funds are secured by collateral.
The annual audit was limited to the procedures listed, according to Byrd’s office, and was less in scope than an audit performed in accordance with generally accepted auditing standards.
Accordingly, Byrd’s office does not express an opinion on any basic financial statement of McClain County; however, based on the procedures performed, there were no exceptions noted.
