A Report on the Audit of the Office of the Fire Fighters' Pension Commissioner's Fiscal Year 2012 Financial Statements
January 2013
Report Number 13-017
Overall Conclusion
In our audit report dated December 20, 2012, we concluded that the Office of the Fire Fighters' Pension Commissioner's (the Office) basic financial statements for fiscal year 2012 were materially correct and presented in accordance with accounting principles generally accepted in the United States of America. The Office published our audit report as part of its basic financial statements, which it intends to post on its Web site at https://www.ffpc.state.tx.us/ffpc_Accounting.aspx.
We also issued a report on internal control over financial reporting and on compliance and other matters as required by auditing standards (that report, including responses from management, is presented in the attachment). In that report, auditors determined that the Office should improve the overarching controls that are the basis for operating its organization. Auditors also determined that the Office should develop and implement controls related to the development, implementation, and monitoring of its pension application.
Our procedures were not intended to provide an opinion on internal control over financial reporting or to provide an opinion on compliance with laws and regulations. Accordingly, we do not express an opinion on the effectiveness of the Office's internal control over financial reporting or on compliance with laws and regulations.
Auditors communicated certain issues that were not material or significant to the audit objectives in writing to the Office's management.
As required by auditing standards, we will also communicate to the Office's Board of Trustees certain matters related to the conduct of a financial statement audit.