Louisiana revised statutes require all political subdivisions and local government agencies to have their financial statements examined by either the Louisiana Legislative Auditor's Office or by a local independent Certified Public Accounting firm. Depending on the size of the local government agency, the examination may include a "compilation", a "review", or an "audit" of the financial statements. In addition, depending on how much federal grants are received, a local agency may be required to have a federal "single audit" that covers compliance with grant conditions and requirements.
Comprehensive Annual Financial Report
Because of its size and because of the amount of federal grant money received, the JPSO is required to have an "audit" performed each year on its financial statements, which includes a "single audit" of its various federal grants. The audited financial statements and the single audit reports are published in a Comprehensive Annual Financial Report (CAFR).