Text of Recommendation | At least twice per year, to coincide with the preparation and review of the third and fourth quarter financial statements, the Commission should track the status of each open obligation for which an advance payment was made in order to determine what amount, if any, should be recognized as an expense for that period and what amount should remain or be reclassified as an advance. |
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Recommendation Number | CFO-2022-11 |
Recommendation Status | Closed |
Significant Recommendation | No |
Recommendation Questioned Costs | $0 |
Recommendation Funds for Better Use | $0 |
Additional Information | Recommendation closed by the IPA firm as of 11/14/2023. |
Submitting OIG | |
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Report Title | FY2022 Financial Statement Audit |
Report Date Issued | Tuesday, November 15, 2022 |
Report Agency Reviewed / Investigated | |
Report Questioned Costs | $0 |
Report Funds for Better Use | $0 |