INTERNAL AUDITING FOR THE STATE OF NEW YORK.
The State of New York in operating its many and varied governmental activities for its 14 million inhabitants places the responsibility for the conduct of its financial affairs upon the State Comptroller, who is elected by the people for a term of four years. In American democracy, the State's business is everyone's business, and the inevitable consequence of failing to make some person specifically responsible for the conduct of definite phases of its affairs is that everyone's business becomes no one's business. In many spheres of governmental activity, such as policing, administration of justice, and supervision over banks and insurance companies, the failure to establish offices and officials responsible for these activities would be disastrous. In other types of governmental activity, the failure to establish responsibility causes confusion and opens the gateway for waste and high costs. The State Constitution designates the State Comptroller as chief financial officer of the State and specifically outlines his duties which are set forth in even greater detail in the State Finance Law. These duties are, to audit all official accounts; to audit all vouchers before payment; to audit the accrual and collection of all revenues and receipts and to prescribe methods of accounting.
- DOI
- 10.2308/tar-7042109
- Volume
- 18 (3)
- Pages
- 239-244
- Language
- en
- Export
- BibTeX
- Sources
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