Published: March 16, 2022
It's not uncommon for a government to have multiple bank or investment accounts with different staff or departments reconciling them. That's okay, but keep in mind there can be risks when different people are involved with reconciling several accounts.
This weekend marks the start of daylight saving time, and we all know the drill: Change your clocks and the batteries in your smoke alarms. But how often are you testing your government's backup file system? With the rapid rise in phishing and ransomware schemes, the biannual time change can also serve as a handy reminder to perform this critical task.
This is the final article of our six-part power of a problem series. Missed any of the previous articles in the series? Read them all here.
This is the fifth article of our six-part power of a problem series. Missed the last article? Read it here.
Disbursing duplicate payments to vendors for the same goods or services can be costly for your government. According to industry experts, the number of duplicate payments organizations make ranges from .8 percent to 2 percent of their total payments. These percentages might seem small, but they can reflect thousands of dollars being paid to vendors in error.
This is the fourth article of our six-part power of a problem series. Missed the last article? Read it here.
Are you responsible for your county's election processes? A new resource published by the State Auditor's Office might be able to help you meet and exceed state requirements for ballot processing and voting.
This is the third article of our six-part power of a problem series. Missed the last article? Read it here.
This is the second article of our six-part power of a problem series. Missed the introductory article? Read it here.
Properly accounting for capital assets is complex and requires significant accounting resources. That's why we've redesigned our Checklist for Capital Assets and added questions to help you avoid the common mistakes we see during audits.