Wisconsin Statutes & Annotations
Chapter 25 - Trust funds and their management.
25.165 - Internal auditor.

25.165 Internal auditor.
(1) There is created in the board an internal audit subunit, under the supervision of the internal auditor. The internal auditor shall report directly to the board and shall appoint all employees necessary to carry out the duties of the internal auditor. The internal auditor shall appoint all employees outside the classified service. The internal auditor shall fix the compensation of all employees appointed by the internal auditor, but the board may provide for bonus compensation to employees.
(2) The internal auditor may review any activity, information or investment of the board and have access to records of the board and any external party under contract with the board and shall do all of the following:
(a) Plan and conduct audit activities, risk assessments, research projects and management reviews under the direction of the board and in accordance with policies, principles and directives determined by the board.
(b) Coordinate and assist with external audits and reviews of the board.
(c) Through periodic internal audits, monitor for compliance with applicable legal requirements and with the board's contractual agreements any bank, savings and loan association, savings bank, or credit union with which the board has entered into a custodial agreement under s. 25.17 (11); any investment advisers with which the board has contracted to manage and control board assets under s. 25.18 (2) (e); and any other external parties with which the board has contracted to provide investment services to the board.
History: 1995 a. 274; 1999 a. 9, 83, 186; 2011 a. 32; 2021 a. 177.

Structure Wisconsin Statutes & Annotations

Wisconsin Statutes & Annotations

Chapter 25 - Trust funds and their management.

25.01 - Definition.

25.14 - State investment fund.

25.15 - Board; purpose and standard of responsibility.

25.156 - Powers and duties of members of the board.

25.16 - Executive director.

25.165 - Internal auditor.

25.167 - Chief investment officer.

25.17 - Powers and duties of board.

25.18 - Additional powers of board.

25.182 - Management authority for certain funds.

25.183 - Certain investments prohibited.

25.184 - Confidentiality of venture capital investment information.

25.185 - Minority financial advisers and investment firms; disabled veteran-owned financial advisers and investment firms.

25.186 - Broker-dealers located in this state.

25.187 - Operating expenditures.

25.19 - Treasurer; bond; deposit of securities; cash management.

25.20 - General fund.

25.29 - Conservation fund.

25.293 - Natural resources land endowment fund.

25.295 - Heritage state parks and forests trust fund.

25.297 - Wisconsin outdoor wildlife heritage trust fund.

25.30 - State building trust fund.

25.31 - Benevolent fund.

25.315 - Wholesale drug distributor bonding fund.

25.35 - State capitol restoration fund.

25.36 - Veterans trust fund.

25.37 - Wisconsin veterans homes members fund.

25.38 - Military family relief fund.

25.40 - Transportation fund.

25.405 - Transportation infrastructure loan fund.

25.41 - State housing authority reserve fund.

25.425 - Election administration fund.

25.43 - Environmental improvement fund.

25.45 - Waste management fund.

25.46 - Environmental fund.

25.463 - Agricultural producer security fund.

25.465 - Agrichemical management fund.

25.466 - Working lands fund.

25.468 - Agricultural chemical cleanup fund.

25.469 - Nuclear waste escrow fund.

25.47 - Petroleum inspection fund.

25.48 - Dry cleaner environmental response fund.

25.49 - Economic development fund.

25.50 - Local government pooled-investment fund.

25.55 - Land information fund.

25.60 - Budget stabilization fund.

25.61 - VendorNet fund.

25.62 - Property tax relief fund.

25.65 - County mining investment fund.

25.67 - Children's trust fund.

25.68 - Support collections trust fund.

25.69 - Permanent endowment fund.

25.70 - Historical society trust fund.

25.72 - Historical legacy trust fund.

25.73 - Historical society endowment fund.

25.74 - History preservation partnership trust fund.

25.75 - Lottery fund.

25.77 - Medical assistance trust fund.

25.772 - Hospital assessment fund.

25.774 - Critical access hospital assessment fund.

25.776 - Ambulance service provider trust fund.

25.78 - Artistic endowment fund.

25.80 - Tuition trust fund.

25.85 - College savings program trust fund.

25.853 - College savings program bank deposit trust fund.

25.855 - College savings program credit union deposit trust fund.

25.95 - Universal service fund.

25.96 - Utility public benefits fund.

25.97 - Air quality improvement fund.

25.99 - Police and fire protection fund.