News Release

Contact: John Vigna
For Immediate Release

Statement from Fiona Ma on Controller's Audit of State Board of Equalization Internal Accounting and Administrative Controls

Sacramento – State Board of Equalization Member Fiona Ma released the following statement regarding Controller Betty Yee's review of SBOE Internal Accounting and Administrative Controls:

"The Controller's audit of the State Board of Equalization (SBOE) Internal Accounting and Administrative Controls raises a number of disappointing and troubling issues. As a certified public accountant, it is unacceptable to me that a tax and auditing agency would fail to perform and carry out its basic responsibilities and functions.

Based on the 11 months I have served on SBOE, I believe these issues arose from a lack of transparency and oversight in agency operations. At our next Board hearing, I will be introducing a motion to create a standing Auditing and Oversight Committee of the SBOE to ensure that these issues not only get corrected but stay corrected.

I want to commend Controller Yee for her leadership and diligence in conducting this important audit, and I am committed to working with Controller Yee and my colleagues on the Board to correct these glaring problems immediately."

Board Member Fiona Ma, CPA, was elected to the Board of Equalization in November 2014, to represent the Second Equalization District. She represents 9.5 million residents in many of California's coastal counties, from Del Norte to Santa Barbara, including the entire San Francisco Bay Area. Ms. Ma served in the California State Assembly from 2006 to 2012, serving as the first Asian woman Assembly Speaker pro Tempore since 1850. While in the Assembly, Ms. Ma focused on improving California, authoring legislation to create jobs and grow the state's economy. As an Executive Board Member of the National Conference of State Legislators, she worked to keep California's economy competitive with other states. Ms. Ma has been a Certified Public Accountant (CPA) in California since 1992. For more information, visit Board Member Ma's website.

The five-member California State Board of Equalization (BOE) is a publicly elected tax board. The BOE serves a significant role in the assessment and administration of property taxes.

Note: This news release may discuss complex tax laws and concepts. It may not address every situation, and is not considered written advice under Revenue and Taxation Code section 6596. Changes in law or regulations may have occurred since the time this news release was written. If there is a conflict between the text of this news release and the law, decisions will be based upon the law and not this news release.

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