Oklahoma Administrative Code
Title 735 - State Treasurer
Chapter 15 - Recording and Auditing Investment Transactions
Subchapter 5 - Auditing Investment Transactions
Section 735:15-5-1 - Duties of OST's Internal Auditor

(1) Determine that the appropriate internal controls exist, including the safeguarding of the paper and electronic documents;

(2) Determine that the trade file was prepared and reviewed by the appropriate personnel;

(3) Determine that all required documents are present;

(4) Determine that the type of investment is allowed by statute;

(5) Determine that a system of competitive bidding was used when practicable, and that only approved financial institutions were solicited;

(6) Determine that the information on all documents agrees;

(7) Determine that the recorded information agrees with the paper documents;

(8) Determine that the trade was settled in accordance with the transaction records;

(9) Conclude whether the trade was executed in accordance with the State Treasurer's investment policies and procedures and state statutes;

(10) Report to the State Treasurer any exceptions noted during the examination; and

(11) Conduct appropriate follow-up procedures to assure that any exceptions noted have been resolved in a proper and timely manner.