NMPolitics - There are more questions than answers right now about why the New Mexico Finance Authority’s controller allegedly created a fraudulent audit of the agency’s finances, but what’s clear is that it’s a big deal.
State Auditor Hector Balderas announced Thursday that his agency had uncovered the fraudulent audit. In a news release, his office announced that a special audit of NMFA’s books would be conducted. NMFA quickly announced that it had retained a law firm “to conduct a thorough investigation to determine how the misrepresentation occurred and to recommend steps for strengthening financial reporting procedures,” and had hired an accounting firm to complete the agency’s fiscal year 2011 audit. Balderas also turned the matter over to law enforcement. Read full analysis here: News New Mexico
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