Financial Audit

The Financial Audit Division performs audits and reviews of state agencies, colleges and universities, and federal programs in accordance with professional auditing and attestation standards. Their responsibility is to provide an independent assessment of Utah’s financial operations, statutory compliance with laws and regulations, and internal controls.

Reports from at least the last 10 years are immediately downloadable from the site, and many older reports are also available. All of these items are publicly available and no GRAMA request is required to obtain any of this information from the Office.

What is a peer review for the Office of the Utah State Auditor?

A peer review is a process by which experienced professionals review each other’s work against the standards governing their profession. Offices that conduct engagements in accordance with Government Auditing Standards (GAS), as the Office of the Utah State Auditor does, are required to obtain an external peer review at least once every 3 years. As an external audit organization, the Office of the Utah State Auditor is required to make its most recent peer review report publicly available.

Source:

United States Government Accountability Office

Government Auditing Standards, 2024 Revision

Requirements: Availability of the Peer Review Report to the Public 5.172 (Page 128)

The National State Auditors Association peer review team issued The Office of the Utah State Auditor a rating of pass—the highest rating. This rating confirmed that the office’s system of quality control was suitably designed and operating effectively during the period from April 1, 2022 to March 31, 2023. The peer review rating provides the Office of the Utah State Auditor with reasonable assurance that it is performing and reporting in conformity with Government Auditing Standards in all material respects.

For a copy of our latest peer review, please click here