Colorado State Auditor
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Colorado auditor finds serious issues with labor agency’s unemployment insurance accounting
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Colorado’s state auditors found serious issues with the accounting practices of the unemployment insurance division of the Department of Labor and Employment, concluding the agency underestimated and overestimated figures to the tune of billions of dollars. The auditors labeled the problems with its most serious concern — a “material weakness,” an indication of a significant…
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Colorado budget gets clean opinion from Office of the State Auditor
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Colorado’s state auditor issued a “clean” opinion on the financial statements prepared by the government and higher education institutions, concluding they met generally accepted accounting principles and the documents were presented fairly. The state’s financial statements reported total assets of $65.9 billion and expenditures of $56.3 billion. The state also spent just over $20 billion…
