Finding Text
Finding resolution status: In-Process
Information on universe: Internal Control testing
Sample size: Six employees selected for internal control testing.
Repeat finding: 2022-002
Condition: Additional detail, documentation and approval/oversight is needed on some of time sheets for allocation to projects.
Criteria: All allocable time should have sufficient detail of duties performed and approvals.
Effect: Without stronger controls around allocations, improper allocation could occur. Context: Auditor selected timesheets for payroll control testing.
Cause: Lack of policy surrounding time reporting.
Recommendation: Job duties should be documented for each position and a policy should be implemented to ensure all time sheets detail out the duties performed.