Report Digest: Department of Financial and Professional Regulation. Financial Audit and Compliance Examination for the year ended June 30, 2008

              REPORT DIGEST
REPORT DIGEST
DEPARTMENT OF
FINANCIAL AND
PROFESSIONAL
REGULATION
FINANCIAL AUDIT
AND COMPLIANCE
EXAMINATION
For the Year Ended:
June 30, 2008
Summary of Findings:
Total this audit 19
Total last audit 18
Repeated from last audit 16
Release Date:
June 11, 2009
State of Illinois
Office of the Auditor General
WILLIAM G. HOLLAND
AUDITOR GENERAL
To obtain a copy of the Report contact:
Office of the Auditor General
Iles Park Plaza
740 E. Ash Street
Springfield, IL 62703
(217) 782-6046 or TTY (888) 261-2887
This Report Digest and Full Report are also
available
on the worldwide web at
http://www.auditor.illinois.gov
SYNOPSIS
¨ The Department did not exercise adequate controls over
computer inventory.
¨ The Department’s Division of Professional Regulation’s
Enforcement Unit did not perform and/or document
enforcement activities in a timely or sufficient manner.
¨ The Department’s controls over interagency agreements were
deficient.
¨ The Department did not maintain complete and accurate
property records.
¨ Department Boards were not fully staffed.
¨ The Division of Insurance failed to timely approve/deny life,
accident, and/or health insurance policy forms submitted by
insurance companies.
{Expenditures and Activity Measures are summarized on the next page.}
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