The New Mexico Finance Authority has discovered that a former controller claimed its financial statements for 2011 had been audited by outside auditor Clifton Gunderson when in fact they were not.
NMFA senior management said Thursday they were alerted to the issue by the State Auditor’s Office. The NMFA management and board investigated and determined that the authority’s former controller, who left his position early last month before the issue was discovered, had misrepresented to senior management the status of the audit and provided financial statements for use with third parties that he falsely represented as “audited” by NMFA’s outside auditing firm Clifton Gunderson LLP.
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