Finding 394956 (2023-003)

Criteria: Management is responsible for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to error or fraud. Condition: In our sample of payroll disbursements, we found an instance where the amount paid to an employee did not reconcile to contracts and/or timesheet. Context: The audit identified disbursements that could not be reconciled with an approved contracts and timesheets. Effect: The designed and implementation of internal controls did not allow management or employees, in the normal course of performing their assigned function, to prevent, or detect and correct, misstatement on a timely basis. Cause: Unknown. Recommendation: We recommend that the Supervisory Union evaluate its design and implementation of internal control to allow management or employees, in the normal course of performing their assigned function, to prevent or detect and correct, misstatement on a timely basis.