Louisiana Governmental Audit Guide

For Local Government Agencies And Quasi-Public Organizations (Local Auditees)

What Happens After The Legislative Auditor Receives My Agency’s Report? (500-1220)

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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.


Local auditee LLA LaGAG reports that are received in the web portal (see Submitting a Report to the Legislative Auditor LLA LaGAG) undergo a preliminary administrative review. The administrative review determines, for example, that the correct report that was submitted.

After the report has undergone the administrative review it goes into the part of the web portal where it may be retrieved by a Louisiana Legislative Auditor (LLA) report reviewer. Based on the information entered by the certified public accountant (CPA) when the report was submitted, or other matters identified by LLA, the report may undergo an expedited review, or it may undergo a more thorough review.

If there are no questions or problems with the report, the report review is finalized and the report issued.

If there are questions, problems or errors regarding a report, LLA will contact the CPA for resolution before the issuing the report. Depending upon the problem, the CPA may need to obtain additional information from the local auditee.

Sworn financial statements receive a more cursory review because of the limited amount of public dollars included in these reports.

QUESTIONS:

Q. How long, generally, does it take LLA to issue a report after it is received?
A. LLA strives to issue reports as soon as possible after receipt, but the time frame for issuance is generally dependent upon volume of reports received; and is specifically dependent upon any pending items relative to the individual report.

Q. What is the timetable for reports to be issued after the review is finalized; and when does LLA issue them as public documents?
A. Reports for which the review has been finalized are issued every Wednesday. Reports that are issued on Wednesday become public documents on LLA’s website in the Audit Report Library the following Monday.

Q. My agency’s audit report has been submitted to LLA. May I send a copy to my bond rating agency?
A. Reports submitted to LLA are subject to revision until they are issued as public documents on the LLA website. It is not advisable to send an audit report that has not been issued by LLA to an outside party. If there is an approaching deadline for submitting an unissued audit report to the outside party, please call LLA’s Engagement Manager LLA LaGAGfor assistance. LLA will expedite the report issuance process if possible.

Q. How can I tell if my agency’s report has been issued?
A. Go to the Audit Report Library (ARL) on LLA’s website. Newly issued reports are posted every Monday. The ARL has search capabilities that will allow you to easily find your report if it has been issued.


NB: This document is the current version as of 09/18/2019.

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