Auditor’s Office Missed Red Flags at NMFA

Hector Balderas

Albuquerque Journal - Top managers and board members of the New Mexico Finance Authority bear ultimate responsibility for the authority’s fake audit for 2011. Still, it’s reasonable to ask whether the office of state Auditor Hector Balderas should have realized something was amiss at the Finance Authority months, if not more than a year, ago. After all, there were signs of a problem. Balderas announced July 12 that his office had discovered the forged audit in questioning why the authority hadn’t submitted its 2011 audit to his office.
His announcement came nearly seven months after the Finance Authority was legally required to submit the audit. And it had been 13 months since the authority had failed to meet a deadline to have a firm under contract to conduct the audit and to seek contract approval from the Auditor’s Office. Read full story here (subscription required) News New Mexico

Auditor’s Office Missed Red Flags at NMFA