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Meeting Date:
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11/19/2024 - 5:30 PM
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Category:
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ITEMS OF BUSINESS
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Type:
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Info
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Subject:
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10. Report with Possible Action on a Review of Accounts Payable Internal Controls-Office of Finance Presentation
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Strategic Plan Compatibility Statement:
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Goal 3 Effective and Efficient Operations
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Attachments
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File Attachment:
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Background:
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The Milwaukee Board of School Directors approved the Review of the Accounts Payable Internal Controls-Office of Finance as part of the Annual Plan of Audits. The scope of this audit included a review of purchase orders, electronic direct payments, direct payments, travel, and contract payments made by Accounts Payable generated checks, ACH's and wire transfers.
Our review concluded that internal controls over the district's accounts payable process are adequate.
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Fiscal Impact Statement:
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No fiscal impact.
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Implementation and Assessment Plan
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Our review identified certain enhancements that can be made to build upon and improve certain controls within the Office of Finance and our recommendations are noted in the audit report presented this evening.
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Recommendation:
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Approvals:
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Recommended By:
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Signed By:
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Paul Geib - Performance Audit Manager
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Signed By:
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Matt Chason - Senior Director, Office of Accountability and Efficiency
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Signed By:
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Dr. Tina Owen-Moore - Board Clerk
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