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Jackson City audit committee reviews external audit findings and outlines multi-year corrective plan
Summary
At a meeting of the Jackson City audit committee, staff reviewed external audit findings, described steps to fix accounting processes and documentation, and discussed the internal auditor's role in monitoring a plan of corrective action. Committee members agreed to pursue policy updates, sample-based reviews and staffing or contract solutions.
The Jackson City audit committee met to review the city—s recent external audit findings and to discuss a plan of corrective action intended to address long-standing accounting and control weaknesses.
Nathan, who presented the department—s response, said the audit report includes items on cash reconciliations, revenue recognition and legacy system transitions. "Timely cash reconciliations are key to our operations of financial reporting," he said, adding that historical practices had included backdating July and August transactions into June and that the city—s prior software had not been used to record those events properly. Nathan said the new Tyler system and an engagement with longtime consultant ATA will help standardize processes, speed reconciliations and provide training and independent review.
The presentation covered several categories of findings. Nathan said…
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