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 exam-
ination 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 corpora-
tion, 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 func-
tion of this office is to promulgate and execute
rules and regulations that govern the national
banks. The approval of the comptroller of cur-
rency 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.
