Finding Text
Finding 2022-005: As discussed at finding 2022-003, bank reconciliations, invoices, and payroll were not reviewed and approved by the responsible party as listed in the Organization?s control documents. Because of the failure to require approval of bank statements, invoices, and payroll submission from the proper level of management, employees may be paid unauthorized amounts and expenses may be charged to federal awards without the approval or knowledge of management. Procedures should be implemented requiring bank statements, invoices, and reconciliations to be reviewed by someone other than the person who reconciles the account. In addition, payroll records should be reviewed to the payroll submission to ensure that employees are paid at authorized amounts.