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Internal and external audit reviews prompt corrective-action planning for student activity accounting
Summary
Board received summaries of the internal audit report (cash disbursements sample) and external audit corrective-action items related to GASB 101 and extra-classroom activity cash handling; staff will prepare formal responses and adviser training.
District auditors presented internal and external review results to the board and identified low-severity recommendations.
The internal audit (rotational review) examined cash disbursements, vendor lists and payroll/time-sheet processes; auditors reported no deficiencies requiring immediate corrective action but offered suggestions. The audit committee will review recommendations and identify…
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