State of Montana, Board of Public Education And Office of the Superintendent of Public Instruction Audit Report : June 30, 1978. 1978

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The initial trial on the issue of liability only was held on October 26, 1976. The matter is now before the United States District Judge for a decision. It is the Agency's intention and the intention of its legal counsel to vigorously defend this action. In the opinion of the Agency and its counsel, the likelihood of the Agency being held liable for monetary damages in this action is remote.
-13- STATE OF MONTANA OFFICE OF THE SUPERINTENDENT OF PUBLIC INSTRUCTION FINANCIAL STATEMENTS AS OF JUNE
... 30, 1978 TOGETHER WITH AUDITORS' REPORT J Arthur Andersen & Co.
Boise, Idaho To the Legislative Audit Committee of the Montana State Legislature: We have examined the balance sheets of the State of Montana Office of the Superintendent of Public Instruction as of June 30, 1978, and the related statements of revenues, expenditures and changes in fund balances for the year then ended. Our examination was made in accordance with generally accepted auditing standards, and accordingly included such tests of the accounting records and such other auditing pro- cedures as we considered necessary in the circumstances.


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