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Fayetteville audit committee flags recordkeeping gaps in GovDeals auctions, weighs tighter employee bidding rules
Summary
The committee's internal auditor reported strong segregation-of-duties controls in surplus-property auctions but found inconsistent retention of key documents and recommended consolidating three disposal policies; members discussed fraud risks and whether GovDeals can provide bidder lists to spot employee-related bids.
Aaron, the city's lead internal auditor, told the Fayetteville City Audit Committee that the city has run surplus-property auctions on the GovDeals platform since about 2010 and that the program has generated roughly $9 million in proceeds overall. "Since then, we've generated $9,000,000 in, extra funds for that," Aaron said, adding that 62 auctions in 2023 alone produced about $998,000.
Aaron said purchasing's procedures include segregation of duties—one person creates an auction, another reviews it and a third approves and publishes it—and he found no issues in how auctions are…
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