Answer: Several invoices lacked proper approval documentation during cash disbursement tests.
Trend: This issue indicates a recurring problem with invoice approval processes.
List: Recommend reviewing and strengthening approval protocols to ensure all invoices are documented appropriately.
Finding Text
Test of controls of cash disbursements found multiple instances where invoices had no documentation to show they were properly approved.
Corrective Action Plan
Management agrees controls over cash disbursements should be complied with and will be more meticulous in maintaining documentation that approval be granted before payment is made.