Louisiana Fiscal Responsibility is the state's approach to managing public funds in a way that is both responsible and effective. It includes a set of budgeting, auditing, and accounting practices that are intended to ensure the state government is managing taxpayer dollars in a responsible and transparent manner. The Louisiana Legislative Auditor's Office (LA) works to ensure that the state is practicing fiscal responsibility by conducting financial audits of state agencies and providing reports on the state's financial condition. The two main types of Louisiana Fiscal Responsibility are budgeting and auditing. Budgeting involves the process of developing and implementing a plan to manage the state's funds, including setting spending limits and budget priorities. Auditing involves assessing the accuracy and completeness of financial records, ensuring that state funds are being spent in accordance with the budget and other fiscal policies.