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SIR audit shows one finding; auditors recommend year-end reconciliations and PeopleSoft integration
Summary
External auditors reported one finding for SIR: several year-end reconciliations and an unrecorded retirement liability need documenting. Auditors recommended incorporating SIR into city year-end procedures and using PeopleSoft to record accruals.
SIR board members reviewed the agency's external audit, which reported a single finding related to year-end reconciliations and an unrecorded liability for New York State retirement.
Mike (staff member), reviewing the audit, said the finding reflects a need to document year-end procedures for SIR consistent with city practice. "There are a number of…
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