Answer: A duplicate payment was made on a credit card, and some charges were recorded incorrectly.
Trend: This issue indicates potential weaknesses in payment processing and transaction recording.
List: Review payment procedures, verify transaction amounts, and implement checks to prevent future errors.
Finding Text
There was a duplicate payment posted for one of the credit cards and there were charges recorded at the incorrect amount.
Corrective Action Plan
The Director of Administration should verify that the outstanding balance on the credit card statement agrees with the balance in the general ledger each month.