Finding Text
Significant Deficiency Finding 2022-002 The District does not perform sufficient review of the accounting performed by the District?s external bookkeeper. Observation We identified several instances of misclassifications of income and expenses. During our inquiries we found that the District was not sufficiently reviewing the accounting performed by the District?s external bookkeeper to ensure that the District?s general ledger records and interim unaudited financial reports agreed to the source documentation prepared internally by District staff. Recommendation We recommend that the District implement a reconciliation process to compare the information recorded by the District?s bookkeeper to ensure that income and expenses recorded by the external bookkeeper reconcile to the source documentation provided by the District.