The Controller is the Chief Fiscal Officer of the state and is responsible for administering the state's accounting system, registering vendors, paying all claims against the state, and collecting debts owed to the state. The office processes and records the state's financial transactions; conducts the final audit; and ensures compliance with the Nevada Constitution, federal laws and state statutes. The Controller also provides the citizens, state agencies, local governments, and legislators accurate and impartial financial information. The office is responsible for preparing required and significant reports: the State Single Audit report, Annual Comprehensive Financial report, Schedule of Expenditures of Federal Awards, and additional financial reports. The State Controller is one of the six Constitutional Officers of the State and is elected to a four-year term. The authority of the Controller is set by the Nevada State Constitution Article 5, Section 19, and Nevada Revised Statute (NRS) 227.