State audit finds material weaknesses in Colorado's new family and medical leave program accounting
The state auditor identified material weaknesses in revenue recognition, unpaid premiums and employer registration for Colorado's paid family and medical leave program; the Department of Labor and Employment agreed to strengthen controls and to implement reconciliations and enforcement processes.
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A statewide financial and compliance audit presented to the Legislative Audit Committee found material weaknesses in the Colorado Department of Labor and Employment's accounting for the new paid family and medical leave program.
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