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Internal auditors report no high risks but flag controls gaps in banking, payroll, food service and Medicaid claiming
Summary
QuestArthur presented the district's 2025 risk assessment: overall ratings were moderate with no high-risk findings, but auditors identified specific control weaknesses (online banking use, check-signature practice, segregation of duties for receiving, payroll testing, food-service deficit and lack of Medicaid reconciliation).
Mark, the internal auditor from QuestArthur, presented the district's 2025 risk assessment and told the Audit Committee he did not see "anything that was particularly alarming," but outlined a set of targeted control weaknesses for remediation.
The report uses a standard cover letter and a risk matrix; Mark said the matrix and three introductory risk statements will be consistent year to year and that the ratings are judgmental. He recommended the committee consider cost versus benefit when evaluating some suggested best-practice controls.
Key findings the auditors highlighted included: limited use of the district's dedicated online-banking workstation across business-office staff; insufficient capture of the treasurer's signature-authority in current check-printing and signing processes; frequent cases…
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