Kentucky Auditor Of Public Accounts
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Kentucky Auditor Of Public Accounts
The auditor of public accounts of Kentucky is an elected constitutional officer in the executive branch of the U.S. state of Kentucky. Forty-seven individuals have occupied the auditor's office since statehood. The incumbent is Mike Harmon, a Republican. Powers and duties The auditor of public accounts "...ensures that public resources are protected, accurately valued, properly accounted for, and effectively employed to raise the quality of life of Kentuckians." More specifically, the auditor of public accounts conducts an array of external audits which examine financial condition, legal compliance, information technology systems, and program performance in governmental entities. The auditor's scope of authority extends to all state agencies, every public or private entity that receives state funds, all state-owned or operated enterprises such as prisons and public works, and every county, municipality, and school district in the commonwealth. History Initially, the auditor ...
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Mike Harmon (politician)
Mike Harmon (born October 16, 1966) is an American politician serving as the Kentucky auditor of public accounts. He was previously a Republican member of the Kentucky House of Representatives for the 54th district. He was a 2011 candidate for Lieutenant Governor of Kentucky, but lost in the primary. In 2015, Harmon was elected state Auditor, after defeating Democratic incumbent Adam Edelen. He was the only Republican statewide candidate run unopposed in the primary. He was elected to a second term as Auditor in 2019. He is running for Governor of Kentucky in the primary for the 2023 gubernatorial election, against a number of Kentucky Republicans, including former U.S. Ambassador to the United Nations Kelly Craft, state Attorney General Daniel Cameron, and state Agriculture Commissioner Ryan Quarles. Education and employment Harmon earned a Bachelor of Science from Eastern Kentucky University. Harmon was a mortgage originator from 2006 to 2011. He became an associate in ...
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The Honourable
''The Honourable'' (British English) or ''The Honorable'' (American English; see spelling differences) (abbreviation: ''Hon.'', ''Hon'ble'', or variations) is an honorific style that is used as a prefix before the names or titles of certain people, usually with official governmental or diplomatic positions. Use by governments International diplomacy In international diplomatic relations, representatives of foreign states are often styled as ''The Honourable''. Deputy chiefs of mission, , consuls-general and consuls are always given the style. All heads of consular posts, whether they are honorary or career postholders, are accorded the style according to the State Department of the United States. However, the style ''Excellency'' instead of ''The Honourable'' is used for ambassadors and high commissioners. Africa The Congo In the Democratic Republic of the Congo, the prefix 'Honourable' or 'Hon.' is used for members of both chambers of the Parliament of the Democratic Repu ...
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Kentucky State Capitol
The Kentucky State Capitol is located in Frankfort and is the house of the three branches (executive, legislative, judicial) of the state government of the Commonwealth of Kentucky. The building is listed on the National Register of Historic Places. History Previous buildings From 1792 to 1830, two buildings were used as the capitol, both of which burned completely. Retrieved on 2013-08-08 In 1830, another capitol was built and was used until 1910. During a bitterly contested 1899 state governor election, Democratic Party claimant William Goebel was assassinated at the capitol on his way to be inaugurated. The need for a larger building for a growing state government resulted in the replacement of that capitol building, which is now a museum operated by the Kentucky Historical Society. Current 1910 building In 1904, the Kentucky General Assembly chose Frankfort (rather than Lexington or Louisville) as the location for the state capital and appropriated $1 million for the ...
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Frankfort, Kentucky
Frankfort is the capital city of the Commonwealth of Kentucky, United States, and the seat of Franklin County. It is a home rule-class city; the population was 28,602 at the 2020 census. Located along the Kentucky River, Frankfort is the principal city of the Frankfort, Kentucky Micropolitan Statistical Area, which includes all of Franklin and Anderson counties. History Pre-1900 The town of Frankfort likely received its name from an event that took place in the 1780s. Native Americans attacked a group of early European colonists from Bryan Station, who were on their way to make salt at Mann's Lick in Jefferson County. Pioneer Stephen Frank was killed at the Kentucky River and the settlers thereafter called the crossing "Frank's Ford". This name was later elided to Frankfort. In 1786, James Wilkinson purchased a tract of land on the north side of the Kentucky River, which developed as downtown Frankfort. He was an early promoter of Frankfort as the state capital. Wilkinso ...
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United States Dollar
The United States dollar ( symbol: $; code: USD; also abbreviated US$ or U.S. Dollar, to distinguish it from other dollar-denominated currencies; referred to as the dollar, U.S. dollar, American dollar, or colloquially buck) is the official currency of the United States and several other countries. The Coinage Act of 1792 introduced the U.S. dollar at par with the Spanish silver dollar, divided it into 100 cents, and authorized the minting of coins denominated in dollars and cents. U.S. banknotes are issued in the form of Federal Reserve Notes, popularly called greenbacks due to their predominantly green color. The monetary policy of the United States is conducted by the Federal Reserve System, which acts as the nation's central bank. The U.S. dollar was originally defined under a bimetallic standard of (0.7735 troy ounces) fine silver or, from 1837, fine gold, or $20.67 per troy ounce. The Gold Standard Act of 1900 linked the dollar solely to gold. From 1934, it ...
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Constitution Of Kentucky
The Constitution of the Commonwealth of Kentucky is the document that governs the Kentucky, Commonwealth of Kentucky. It was first adopted in 1792 and has since been rewritten three times and amended many more. The later versions were adopted in 1799, 1850, and 1891. The 1792 Constitution The first Constitutional convention (political meeting), constitutional convention of Kentucky was called by Colonel Benjamin Logan on December 27, 1784 in Danville, Kentucky, Danville, the capital of Kentucky County, Virginia. Over the next eight years, ten constitutional conventions were called, each making some progress toward a viable constitution. The state's first constitution was accepted by the United States Congress on June 1, 1792, admission to the Union, making Kentucky the fifteenth U.S. state, state. The 1792 Constitution had several similarities to the United States Constitution in that it provided for three branches of government – legislative, executive, and judicial – a ...
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Executive Branch
The Executive, also referred as the Executive branch or Executive power, is the term commonly used to describe that part of government which enforces the law, and has overall responsibility for the governance of a State (polity), state. In political systems based on the separation of powers, such as the United States of America, USA, government authority is distributed between several branches in order to prevent power being concentrated in the hands of a single person or group. To achieve this, each branch is subject to checks by the other two; in general, the role of the Legislature is to pass laws, which are then enforced by the Executive, and interpreted by the Judiciary. The Executive can be also be the source of certain types of law, such as a decree or executive order. In those that use fusion of powers, typically Parliamentary systems, the Executive forms the government and its members generally belong to the political party that controls the legislature or "Parliament". ...
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Kentucky
Kentucky ( , ), officially the Commonwealth of Kentucky, is a state in the Southeastern region of the United States and one of the states of the Upper South. It borders Illinois, Indiana, and Ohio to the north; West Virginia and Virginia to the east; Tennessee to the south; and Missouri to the west. Its northern border is defined by the Ohio River. Its capital is Frankfort, and its two largest cities are Louisville and Lexington. Its population was approximately 4.5 million in 2020. Kentucky was admitted into the Union as the 15th state on June 1, 1792, splitting from Virginia in the process. It is known as the "Bluegrass State", a nickname based on Kentucky bluegrass, a species of green grass found in many of its pastures, which has supported the thoroughbred horse industry in the center of the state. Historically, it was known for excellent farming conditions for this reason and the development of large tobacco plantations akin to those in Virginia and North Carolina i ...
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Kentucky Republican Party
The Republican Party of Kentucky is the affiliate of the Republican Party in Kentucky and follows its nationally established platform. The party's headquarters is in Frankfort, Kentucky. The party gained relevance around the 1940s. Since this emergence, the party did poorly in state executive office elections until 2015 but saw some success on the federal level and in the Kentucky General Assembly. The party is organized into two main committees that hold authority. In the 2015 Kentucky elections, the party captured the offices of Governor, Lieutenant Governor, Treasurer, and Auditor, gaining the majority of the state executive offices for the first time in modern history. In 2016, Republicans gained control of the state house for the first time since 1920. It is currently the dominant party in the state, controlling all but one of Kentucky's six U.S. House seats, both U.S. Senate seats, and has supermajorities in both houses of the state legislature. The only two statewide o ...
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Financial Audit
A financial audit is conducted to provide an opinion whether "financial statements" (the information is verified to the extent of reasonable assurance granted) are stated in accordance with specified criteria. Normally, the criteria are international accounting standards, although auditors may conduct audits of financial statements prepared using the cash basis or some other basis of accounting appropriate for the organization. In providing an opinion whether financial statements are fairly stated in accordance with accounting standards, the auditor gathers evidence to determine whether the statements contain material errors or other misstatements.Arens, Elder, Beasley; Auditing and Assurance Services; 14th Edition; Prentice Hall; 2012 Overview The audit opinion is intended to provide reasonable assurance, but not absolute assurance, that the financial statements are presented fairly, in all material respects, and/or give a true and fair view in accordance with the financial re ...
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Compliance Audit
Quality audit is the process of systematic examination of a quality system carried out by an internal or external quality auditor or an audit team. It is an important part of an organization's quality management system and is a key element in the ISO quality system standard, ISO 9001. Purpose Quality audits are typically performed at predefined time intervals and ensure that the institution has clearly defined internal system monitoring procedures linked to effective action. This can help determine if the organization complies with the defined quality system processes and can involve procedural or results-based assessment criteria. With the upgrade of the ISO9000 series of standards from the 1994 to 2008 series, the focus of the audits has shifted from purely procedural adherence towards measurement of the actual effectiveness of the Quality Management System (QMS) and the results that have been achieved through the implementation of a QMS. Audits can also be used for safety purp ...
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Information Technology Audit
An information technology audit, or information systems audit, is an examination of the management controls within an Information technology (IT) infrastructure and business applications. The evaluation of evidence obtained determines if the information systems are safeguarding assets, maintaining data integrity, and operating effectively to achieve the organization's goals or objectives. These reviews may be performed in conjunction with a financial statement audit, internal audit, or other form of attestation engagement. IT audits are also known as automated data processing audits (ADP audits) and computer audits. They were formerly called electronic data processing audits (EDP audits). Purpose An IT audit is different from a financial statement audit. While a financial audit's purpose is to evaluate whether the financial statements present fairly, in all material respects, an entity's financial position, results of operations, and cash flows in conformity to standard acco ...
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