Audit of $6 Billion in Federal Funds Released

Unqualified Opinion Issued by Hatchett



See the audit report for Full Details

Edward B. Hatchett, Jr.
Auditor of Public Accounts
144 Capitol Annex
Frankfort, KY 40601

Contact:
Matthew G. Cantor
Intergovernmental Liaison
Phone 502-573-0050
FAX 502-573-0067
APA.PressReleases@auditor.ky.gov
(Frankfort - April 3, 2003) Auditor of Public Accounts Ed Hatchett released the audit of the $6 billion in federal funds that flowed into Kentucky in Fiscal Year ending June 30, 2002.

Known as SSWAK, the report of the Statewide Single Audit of Kentucky expressed an unqualified opinion. The FY 2001 SSWAK was qualified. An unqualified opinion means the Commonwealth complied in all material respects with the requirements of its major federal programs.

The audit contained 53 reportable findings, 7 of which are material to the Commonwealth’s financial statement.

Some of the findings addressed in the report include:

  • Several instances of vulnerability of information technology in the Commonwealth
  • Non-compliance with federal and state laws and regulations

    “ We are pleased to issue an unqualified opinion since the previous year was qualified. We still are concerned about the vulnerability of the computer system that handles all the financial transactions for the Commonwealth of Kentucky,” said Auditor Hatchett.

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    Edward B. Hatchett Jr.
    Auditor of Public Accounts
    144 Capitol Annex
    Frankfort, KY 40601
    WEB:     www.auditor.ky.gov/