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Finance department reports low fraud risk score; city wins GFOA certificate of achievement
Summary
South Salt Lake finance staff reported a low fraud-risk score after a state-auditor assessment and the city announced it received the Government Finance Officers Association certificate of achievement for financial reporting for the fiscal year ended June 30, 2023.
City finance staff reported the results of the annual fraud-risk assessment required by the state auditor, saying that separation-of-duties controls, adopted written policies and certified accounting staff mitigate broad fraud risk. The presenter said the city scored 335 out of 395 and classified overall fraud risk as low.
The presentation described specific mitigation practices, including…
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