Louisiana Governmental Audit Guide

Special Reporting Requirements In The State Of Louisiana

Special Reporting - State Central Committees and Parish Executive Committees (300-1125)

| Return to Menu | Search LaGAG


DISCLAIMER
The Louisiana Governmental Audit Guide (LAGAG) is authorized by Louisiana Revised Statute 24:513 A. (5) (a) (i) to set forth the standards by which the engagements of local governments and quasi-public organizations (local auditees) are to be performed. The LAGAG is jointly produced by the Louisiana Legislative Auditor (LLA) and the Society of Louisiana Certified Public Accountants.

Although the LAGAG is intended to assist CPAs in performing their audits and other engagements for local auditees, it does not include a detailed analysis of the professional auditing and accounting standards a CPA must consider during his or her audit, review/attestation or compilation engagements; nor is it a substitute for professional judgment. CPAs must reach their own conclusions through research of all applicable auditing and accounting standards, in addition to the LAGAG, in the performance of their local auditee engagements.

In addition, although the LAGAG is intended to assist local auditees, it does not include all of the legal and accounting information an agency needs to perform its operations; nor is it a substitute for professional, legal or accounting advice; or professional or personal judgment. Local auditees should use the information in the LAGAG, in conjunction with the guidance of the professionals most familiar with the particular facts and circumstances regarding their agency, in the performance of their operations.

For questions and comments about the LAGAG, please contact LLA at (225) 339-3800.


Louisiana Revised Statute (R.S.) 18:441 establishes the criteria for recognition of a political party in the state of Louisiana. R.S. 18:442 provides that each recognized political party shall be controlled and directed by a central committee on the state level; and an executive committee on the parish level.

R.S 18:447 and 464 allow these state and parish committees to collect various sources of revenues (such as donations and qualifying fees) for their operations; and requires that the receipt and expenditure of these funds be reported annually to the Louisiana Legislative Auditor (LLA).

Pursuant to R.S. 18:464 (F), LLA has developed financial statement forms that the state and parish committees may use to report their financial activity to LLA. These financial statement forms are available on LLA’s website. Alternatively, any of the state or parish committees may provide audited financial statements to LLA if they choose.

QUESTIONS:

Q. When are parish executive committee and state central committee reports due to LLA?
A. Title 18 does not provide for a due date for these reports. LLA recommends that the reports be filed as soon as possible after the committees’ fiscal year end.

Q. If a state central committee or a parish executive committee chooses to provide for an audit, does LLA require that the audit be performed by a CPA firm on LLA’s approved list?
A. No.

Q. If a state central committee or a parish executive committee chooses to provide for an audit; does LLA approve the engagement between the committee and their auditor?
A. No.

Q. If a state central committee or a parish executive committee chooses to provide for an audit, does LLA require that the audit be performed in accordance with generally accepted government auditing standards LLA LaGAG?
A. No.

Q. Are the audit and other reports of state central committees and parish executive committees published as public documents by LLA?
A. Yes. These reports are issued by LLA and are accessible through the Audit Report Library on the LLA website.


NB: This document is the current version as of 09/12/2017.

| Return to Menu | Search LaGAG