Stay Informed
of New Reports
Report Waste, Fraud
Abuse, Or Retaliation
Report Waste Fraud, Abuse, Or Retaliation

Office of the State Treasurer Bank Reconciliations Quarter Ended December 31, 2019

Report Details

Report Description: 
What Was Performed? An Agreed Upon Procedure of the Office of the State Treasurer Bank Reconciliations for Quarter Ended December 31, 2019, was performed. The Office of the State Treasurer’s bank reconciliations team (Reconciliations and Transaction Management) reconciles the collections and disbursements recorded with the banks with what is recorded in Delaware’s accounting system (First State Financials). The bank reconciliations team ensures the total amounts are accurate in both systems. Additionally, the team haphazardly1 selected a sample of wire transfers to ensure they matched up to the bank statements and occurred within one business day. What Was Found? All tested samples reconciled correctly. Why This Engagement? This engagement was performed in accordance with 29 Del. C. §2906(b). The State Auditor reviewed the bank reconciliation produced by the Office of the State Treasurer to ensure the reconciliations are accurately stated. The Agreed Upon Procedures of the Office of the State Treasurer Bank Reconciliations for Quarter Ended December 31, 2019 can be found on our website. 1 Haphazard sampling is a sampling method in which the auditor does not intend to employ a systematic approach to selecting a sample.
Date Issued: 
Thursday, March 25, 2021
Agency Reviewed / Investigated: 
United States
Type of Report: 
Agreed-upon Procedures
Professional Standard: 
GAO's Yellow Book, Generally Accepted Government Auditing Standards (GAGAS)

Please note that contains links to documents hosted on various state and local government and other non-Federal Government websites (external websites). CIGIE proudly complies with section 508 accessibility regulations in the posting of Federal Government reports on; however, CIGIE cannot guarantee section 508 compliance (accessibility) on any external websites. Additionally, when clicking on links to external websites, users should be aware that doing so causes them to leave CIGIE’s website and to be subject to that external website’s privacy policy. Furthermore, CIGIE neither controls nor guarantees the accuracy, relevance, timeliness, or completeness of the information contained in external website links.