Get email alerts on the Internal Controls topic
No spam. Unsubscribe anytime.
Auditor flags significant internal-control deficiency for Drexel Heights Fire District
Summary
BeachFleischman told the Drexel Heights board it identified a significant deficiency tied to accounts-receivable reconciliations and lack of independent review of journal entries, and recommended corrective steps.
The District's external auditor, BeachFleischman, reported a "significant deficiency in internal control over financial reporting" and recommended the board address untimely reconciliations of the accounts receivable subsidiary ledger and add independent review of journal entries. The auditor recommended the District work with its third‑party biller to remove old credit balances and assign someone independent of the preparer to review posted journal entries.
Board members reviewed the recommendations during the audit presentation and recorded acceptance of the audit materials. The findings will be part of normal follow-up for administration and internal control oversight.
AI generated
The text on this page is AI generated. Summaries, highlights, analysis, and video transcripts are all produced from the original source material.
AI can make mistakes, so if you spot one, and we will fix it for everyone.
Note: the source content is unaltered by us. Any content source we link to, be it a video, an audio recording, or a document, is presented exactly as its publisher released it. That publisher is usually a government body, sometimes an individual official or another organisation.
