comptroller


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Comptroller

An officer who conducts the fiscal affairs of a state or Municipal Corporation.

A comptroller, which is often synonymous with auditor, generally has specific duties including the supervision of revenue, the examination and certification of accounts, and the inspection, examination, or control of the accounts of other public officials.

A state comptroller's major function is the final auditing and settling of all claims arising against the state.

The chief financial officer of any private organization, such as a university or a corporation, is also called a comptroller.

Within the federal government, the office of the comptroller of the currency exists as part of the national banking system. The function of this office is to promulgate and execute rules and regulations that govern the national banks. The approval of the comptroller of currency is essential to the organization of new national banks, as well as the transformation of state-chartered banks into national banks and the consolidation and merger of banks.

The comptroller general of the United States is the leading official of the General Accounting Office whose primary duty is to audit various governmental agencies.

comptroller

noun accountant, auditor, banker, bookkeeper, bookkeeping expert, bursar, business mannger, cashier, chartered accountant, chief accounting officer, depositary, examiner of business accounts, financial officer, inspector of accounts, inventory expert, manager, purser, reckoner, registrar, supervisor of accounts, treasurer, trustee
Associated concepts: city comptroller, state comptroller
References in periodicals archive ?
October 15 -- The New York State Court of Appeals, in a unanimous decision, has ruled that the New York Liquidation Bureaus is not a state agency, and therefore not subject to audit by the New York State comptroller.
In 1827, New York passed one of the first laws requiring every bank or insurance company to file, with the state comptroller, an annual sworn statement of its affairs.
It is also the responsibility of the comptroller squadron commanders to develop their organization into the supporting lens needed to provide the right service at the right time.
When Long Term Capital Management (LTCM) went near-bust, the Comptroller's office noted with delight that LTCM had its hooks only in state-chartered and foreign banks regulated by the Fed, not by the Comptroller.
The comptroller general found that hundreds of retired and "pre-retired' individuals on INP's payroll were earning $3,000 to $6,000 per month, and called this "one of the most blatant examples of featherbedding in Venezuela.
Information regarding the participants and their security holdings can be found in the Form S-4 filed by 1st Pacific Bancorp on November 9, 2006, and in the 2005 Annual Report on Form 10-KSB filed by Landmark National Bank with the Office of the Comptroller of the Currency, and in the joint proxy statement/prospectus when it is filed with the SEC.
During her first assignment to the 56th Comptroller Squadron, Luke AFB, she was hand-picked as a SrA to manage the Travel Accounting functions assumed after the Defense Finance and Accounting Service consolidation.
Also working to stymie a deal is that the Comptroller appears to be caught in a classic trap of the rising real estate market.
Components who wish to nominate electronic solutions other than use of the existing banks systems must work with the Purchase Card Program Office, the Office of the DoD Comptroller, and the appropriate Component-level audit community to validate that all of the required internal controls in the proposed alternate capability are resident and operate properly in a limited production environment before a full implementation is approved.
The Texas Comptroller agreed that gross receipts from sales to those 14 states should not be thrown back to Texas.
FACTA, which was enacted on December 4, 2003, amends the FCRA and directs the FTC, the Federal Reserve Board, the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corp.
The proposed rule was issued by the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the National Credit Union Administration, the Office of the Comptroller of the Currency, and the Office of Thrift Supervision.