SOP_NUMBER: 406.21
TITLE: Independent Financial Audit
DIVISION: Administrative & Finance
TOPIC_AREA: 406 Policy-Administration and Finance
EFFECTIVE_DATE: 2020-07-01
WORD_COUNT: 130
POWERDMS_URL: https://public.powerdms.com/GADOC/documents/177351
URL: https://gps.press/sop-data/406.21/

SUMMARY:
This policy establishes the requirement for independent financial audits of the Georgia Department of Corrections as mandated by state statute. The Department of Audits and Accounts is responsible for conducting audits of all state institutions, and no state official may hire any other auditing agency. This policy ensures compliance with financial oversight and accountability requirements.

KEY_TOPICS: independent financial audit, financial audit, auditing requirements, Department of Audits and Accounts, financial oversight, accounting compliance, state institutions audit, financial accountability, audit procedures

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|GEORGIA DEPARTMENT OF CORRECTIONS<br>Standard Operating Procedures|Col2|Col3|
|---|---|---|
|**Policy Name:**Independent Financial Audit|**Policy Name:**Independent Financial Audit|**Policy Name:**Independent Financial Audit|
|**Policy Number:**406.21|**Effective Date:**7/1/2020|**Page Number:** 1 of 1|
|**Authority:**<br>Commissioner|**Originating Division:**<br>Administration and Finance<br>Division|**Access Listing:**<br>Level I: All Access|



**I.** **Introduction and Summary:**

An independent financial audit is required by statute.


**II.** **Authority:**

A. O.CGA § 50-6-3;

B. ACA Standards: 2-CO-1B-07, 2-CO-1B-13, 1-CTA-1B-07, 5-ACI-1B-12 (ref. 4
4036), and 4-ACRS-7D-24 **.**

**III.** **Definitions:**

None.


**IV.** **Statement of Policy and Applicable Procedures:**

The Department of Audits and Accounts shall audit all state institutions. No official
of the state shall have authority to employ or hire any other auditing agency.

**V.** **Attachments:**

None.

**VI.** **Record Retention of Forms Relevant to this Policy:**

None.