Looking for a way to improve your game when it comes to cash receipting internal controls? Add the double count to your arsenal. The double count is as easy as the name suggestions: money should never transfer from one employee to another without being counted and documented first.
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When you suspect or detect a loss, it can be stressful and challenging to figure out what steps you should take. SAO is here to guide you on how to handle potential losses; working together with our office will help you decide what steps to take, and hopefully, decrease the stress of the situation.
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Do you ever wonder if a key control can be a person? Maybe you have a long-standing employee that everyone goes to for answers, or perhaps an employee that really knows and understands a certain process. People are most certainly an important part of the control system, and governments benefit from these valuable employees that contribute so much. When asked about your internal controls by an auditor, however, your response should not be the name of a person.
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This presentation tells the story of Washington’s Unemployment Insurance program during the COVID-19 pandemic in 2020, from the first American coronavirus patient diagnosed January 21 through the end of the year.
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Emergency federal unemployment programs launched early in the COVID-19 pandemic included provisions that opened state unemployment benefits to fraud, the Office of the Washington State Auditor found in three audits released today.
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An audit released today provides the first, high-level accounting of some of the circumstances surrounding the major fraud scheme that targeted Washington state’s unemployment benefits in the spring.
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It’s crucial that each staff member understand not only their day-to-day duties, but what those duties are meant to achieve (the why). However, this concept can be more difficult to apply due to some common missteps in the way we discuss internal controls.
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Everyone knows a strong system of internal controls is the best way to deter fraud in your organization, or detect it quickly should it occur. But designing and evaluating internal control systems can be overwhelming. So where do you start?
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Failure to perform bank statement reviews might seem like a small oversight, but it could have drastic consequences. Read more to find out some best practices for your review.
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It’s important that local governments provide employees and citizens with a safe and trusted process for reporting concerns such as potential fraud or misappropriation. Doing so helps you find out about issues and address them promptly, mitigating financial and other negative effects to your organization.
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