Recurring Audit Issues.  Purchasing Cards  Personal purchases on purchasing cards  Purchases being sent to a personal residence  Purchase of unapproved.

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Presentation transcript:

Recurring Audit Issues

 Purchasing Cards  Personal purchases on purchasing cards  Purchases being sent to a personal residence  Purchase of unapproved items [gift cards (for employees), Christmas gifts, flowers, tablet computers, etc.]  Statements not being completed and turned into Accounting Services on time  Inadequate documentation of purchase  Split transactions

Recurring Audit Issues  Travel  Per diem amounts improperly calculated  Business purpose of business meals not documented or individuals not noted on receipt  Charge card receipts without details of transactions  Trip reconciliations not turned in within five days  Personnel  Non-exempt employees clocking out but working through lunch

Recurring Audit Issues  Account Stewardship/Purchasing  Improper classification of assets  Stewards not reviewing their accounts  Goods delivered before requisition placed  Cash Controls  Money not being deposited in the cashier’s office as required  Issuing of receipts and endorsing checks