Performance Auditing

Performance audits are designed to address specific objectives regarding economy, efficiency, and effectiveness of programs, functions, and activities of state agencies. The audits are conducted by employees based in Baton Rouge who have advanced degrees in a variety of backgrounds, including accounting, public administration, law, and business administration. The Louisiana Performance Audit Program is established under Louisiana Revised Statutes 24:522 to provide the legislature with evaluation and audit of the functions and activities of the agencies of state governments, as well as, directing the office to conduct at least one performance audit of each of the 20 executive branch departments over a seven-year period. It is also possible for the office to bring audit topics to the Legislative Audit Advisory Council for approval. In addition, the Legislature may request that we conduct a performance audit on a particular agency or in response to a particular issue or problem. For example, we may be directed by a bill to conduct an audit to determine the actual cost of housing state inmates in Louisiana.


CLICK HERE FOR PERFORMANCE AUDIT REPORTS

Actuarial Services staff, which is based in Baton Rouge, serves as the actuarial advisor to the Louisiana Legislature providing a variety of services which include:

1. Preparing actuarial cost notes for all proposed legislation affecting Louisiana public employee retirement systems.
2. Performing the actuarial review of all state and statewide public retirement system actuarial valuations and audited financials.
3. Preparing the Annual Report on Louisiana Public Retirement Systems on the condition of state and statewide public retirement systems for the legislature and the governor.
4. Certifies cost-of-living allowances (COLAs) for state and statewide public retirement systems.
5. Publishing official state amortization tables and outstanding balances of the Unfunded Accrued Liability (UAL) of the state retirement systems.
6. Serving as a voting member on the Public Retirement Systems Actuarial Committee (PRSAC). The committee recommends the employer contribution rates for all state and statewide retirement systems and reviews the actuarial assumptions and funding methods used in their valuation.
7. Attending legislative committee meetings and assists as requested.
8. Providing actuarial consulting to legislators relative to possible legislation.
9. Reviewing special information submitted by retirement systems as required by legislation.
10. Providing actuarial support to the Legislative Auditor regarding pension and risk-related matters (such as insurance), to include the review of actuarial statements and reports.
     

Director of Performance Audit Services
Nicole Edmonson, CIA, CGAP, MPA

1600 North Third Street
P.O. Box 94397
Baton Rouge, Louisiana 70804-9397
Phone: 225-339-3983
Fax: 225-339-3824
Email: nedmonson@lla.la.gov