State Comptroller's Audit of Department Yields No Findings

Tuesday, November 16, 2010 | 01:15 pm
NASHVILLE- Amid the economic downturn, the Tennessee Department of Commerce and Insurance (TDCI) has been one of many state agencies asked to reduce costs and operate as efficiently as possible. The latest State Comptroller’s audit has found TDCI has done that admirably.
Audit findings are formal, negative declarations of deviations from standards or deficiencies in an agency’s operations. TDCI’s audit has returned no findings.
“It’s always a noteworthy accomplishment to avoid audit findings in a Comptroller’s report. I am extremely proud of my entire department, for ensuring that operations comply with state and federal standards of operation.,” says TDCI Commissioner Leslie A. Newman. “To have managed to improve operations while also weathering reductions to positions and budgets is a testament to the outstanding professionalism of my staff. We value our ongoing relationship with the Comptroller’s office and look forward to continually working with it to improve our operations.”
The department comprises numerous sections, ranging from the Divisions of Consumer Affairs, Securities and Insurance, to regulatory boards that govern professions such as barbers and beauty salons, certified public accountants and real estate agents. Administratively attached to the department are the E-911 Board, the Tennessee Law Enforcement Training Academy, the Fire Service and Code Enforcement Academy and the Tennessee Athletic Commission.
The Department of Commerce and Insurance works to protect consumers while ensuring fair competition for industries and professionals who do business in Tennessee.