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Internal control deficiencies in local government

MAY 4, 2018 | by Michael Saccento, Marie Blouin | THE CPA JOURNAL

"...School districts are often small organizations with large expenditures but few controls in place, making them highly susceptible to fraud. ... The results of the OSC control audits are of interest to CPAs in New York and beyond who conduct financial statement audits of school districts and other local government entities. Awareness of common control deficiencies may help school district auditors with risk assessment and planning."

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