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Internal auditors find controls generally effective but flag investment reporting discrepancies
Summary
McConnell Jones presented audits of procurement and the agency's compliance with the Public Funds Investment Act, finding generally effective controls but a discrepancy in investment holding reports and several opportunities for improved reporting.
McConnell Jones, the commission's internal auditor, reported to the Texas Real Estate Commission that procurement controls were rated "generally effective" and that compliance with state competitive solicitation requirements showed no findings. The audit firm recommended nonbinding improvements such as a dashboard for procurement metrics and a management‑review signature on procurement checklists.
Liz Myers of McConnell Jones told commissioners the public funds investment audit — performed…
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