Internal audit flags fleet accounting and inventory issues; fleet management outlines fixes
An internal audit found asset-allocation errors (~$1.3M misallocated), P-card transactions exceeding the $10,000 single-transaction limit in two instances, and reconciliation gaps; fleet leadership said errors were identified earlier, corrective steps and hiring for inventory management are planned and accounting corrections are ongoing.
The full story
The Finance Committee received an internal-audit update and a fleet services audit presentation (item 26) on Dec. 1. The audit identified several control weaknesses and areas for improvement in fleet operations and accounting.
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