Committee adopts auditor's recommendation to require journal entries for GL corrections
The audit identified that some cash disbursements were re-coded after payment without an audit trail; the committee and staff agreed to require journal entries with independent approval so changes to general ledger accounts are documented.
The full story
The audit found instances where paid invoices were later re-coded to different general ledger (GL) accounts without documentation explaining the change, creating a gap in the audit trail. The auditor recommended the city require formal journal entries to record any GL corrections, with review and approval by someone outside the transaction-processing function.
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