Finding Text
Condition: Certain general ledger accounts were not analyzed and reconciled on a timely basis. Criteria: Internal controls should be in place to ensure that all material general ledger accounts are critically analyzed and reconciled on a monthly or quarterly basis. Cause: The Center experienced turnover in some key accounting and IT positions. Additionally, there were new programs and an implementation of new software and current personnel are still in the process of being trained and becoming familiar with the programs. Effect: Because of the failure to have timely reconciled general ledger accounts, several adjustments had to be made during the audit process. Recommendation: The Center should continue to train existing employees on significant accounting matters and ensure that all material general ledger accounts are reconciled on a monthly basis. Views of Responsible Officials and Planned Corrective Actions: Management of the Center agrees with the finding and the recommended procedures will be implemented.