Financial Audit Division
The Financial Audit Division conducts financial, compliance, and management audits of state agencies and programs as required by statutes,
requested by the Joint Legislative Audit Committee, or requested by state agencies. Our largest responsibility is conducting the annual
financial audit of the State of Wisconsin’s financial statements, as presented in the State’s Comprehensive Annual Financial Report, and
preparing the "single audit" report of the State of Wisconsin to meet federal requirements for audits of grants provided to the State.
Other major responsibilities of the Financial Audit Division include:
For additional information, please contact Bryan Naab, Deputy State Auditor for Financial Audit at
- conducting annual financial audits of state agencies and programs, including the Department of Employee Trust Funds, the Wisconsin Investment Board, the Wisconsin Lottery, the Health Insurance Risk-Sharing Plan Authority, the Unemployment Reserve Fund, and the State Fair Park;
- biennially conducting a financial audit of the Wisconsin Economic Development Corporation and a management audit of the Wisconsin Investment Board;
- auditing the State Life Insurance Fund, the Local Government Property Insurance Fund, and the Injured Patients and Families Compensation Fund at least every three years;
- conducting post-audits of the accounts of every state department at least once every five years;
- verifying the odds of winning a lottery game;
- annually certifying the State’s net indebtedness;
- certifying the State’s cash balances at least every two years; and
- disseminating information concerning departmental accounting, auditing, and fiscal matters.