Finding Text
Finding: 2022-002 Material Audit Adjustments (continued) Recommendation: The City should continue to evaluate its internal control processes to determine if additional internal control procedures should be implemented to ensure that accounts are adjusted to their appropriate year-end balances in accordance with GAAP. Repeat Finding: This audit finding was reported in the prior year. Views of Responsible Officials and Planned Corrective Actions: The City will continue to rely upon the audit firm to propose audit adjustments necessary to adjust accounts in accordance with GAAP. Management will review and approve these entries prior to recording them. Administrator-Clerk-Treasurer is the official responsible for ensuring corrective action of the deficiency.