Internal audit and external auditors say grant-management gaps and SAP reporting problems are delaying Anchorage audits

Summary

Internal audit and outside auditors told the Anchorage Municipality audit committee that missing training, poor documentation and SAP reporting gaps are preventing reliable grant reconciliations and delaying the city's single audit and financial-statement completion; staff said they are working on policy manuals, a master grants list and training flags.

At an Anchorage Municipality audit committee meeting, internal audit and external auditors warned that gaps in grant administration, missing training and limitations in the city's SAP setup are delaying completion of the single audit and complicating federal and state grant reconciliation.

Paul Verne, director of internal audit, told committee members that inconsistent grant accounting across multiple points of contact and staff turnover have left the city without a trusted master list of active grants pulled directly from SAP. "When we asked for a complete listing of all the grants, they were unable to provide them out of the system," Verne said, adding that the problem makes it difficult to reconcile grant revenue, receivables and expenditures for federal and state reporting.

The controller's office representative said the division is building policy manuals, desk procedures and quarterly reminders and…

Internal audit and external auditors say grant-management gaps and SAP reporting problems are delaying Anchorage audits

Summary

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