A RepoRt
to
the
MontAnA
Legi sL AtuRe
LegisLAtive Audit
division
09-06
Fi n A n c i A L Au d i t
nov e M b e R 20 09
Montana Guaranteed
Student Loan Program
For the Fiscal Year Ended
June 30, 2009
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Financial Audits
Financial audits are conducted by the Legislative Audit Division
to determine if the financial statements included in this report
are presented fairly and the agency has complied with laws and
regulations having a direct and material effect on the financial
statements. In performing the audit work, the audit staff uses
standards set forth by the American Institute of Certified Public
Accountants and the United States Government Accountability
Office. Financial audit staff members hold degrees with an
emphasis in accounting. Most staff members hold Certified
Public Accountant (CPA) certificates.
Government Auditing Standards, the Single Audit Act
Amendments of 1996 and OMB Circular A-133 require the
auditor to issue certain financial, internal control, and compliance
reports. is individual agency audit report is not intended to

Financial-Compliance
C G. D
J
C-G
F H
H  ,
,   
 .
C  F
H :
(S)
---
( H)
-
Direct comments or inquiries to:
Legislative Audit Division
Room , State Capitol
P.O. Box 
Helena, MT -
() -
Reports can be found in electronic format at:
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Room 160 • State Capitol Building • P.O. Box 201705 • Helena, MT • 59620-1705
Phone (406) 444-3122 • FAX (406) 444-9784 • E-Mail
LEGISLATIVE AUDIT DIVISION

Tori Hunthausen, Legislative Auditor Deputy Legislative Auditors
Monica Huyg, Legal Counsel James Gillett
Angie Grove

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
Office of the Commissioner
of Higher Education
Sheila M. Stearns, Ed.D., Commissioner of Higher Education
Sylvia Moore, Deputy Commissioner for Academic and Student Affairs
Mary Sheehy Moe, Deputy Commissioner of Two-Year Education
Mick Robinson, Deputy Commissioner for Fiscal Affairs
Freida Houser, Director Accounting and Budgeting
Montana Guaranteed
Student Loan Program
Bruce Marks, Director
Ron Muffick, Associate Director
Robin Graham, Chief Financial Officer
For additional information concerning the Montana Guaranteed
Student Loan Program, contact:
Bruce Marks
P.O. Box 203101
Helena, MT 59620-3101
(406) 444-0351
e-mail:
09-06
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