25-044 - Recommendation 1

Implement monitoring activities over the effectiveness of existing controls to ensure expenses are recorded accurately, in the correct period, and are supported by documentation. Such activities should include, at a minimum:
a.
Coordinating with the participating agencies to monitor the design and effectiveness of accrual controls. Respond to the results of such monitoring with appropriate revisions to process level activities and controls as necessary.
b.
Coordinating with the participating agencies to monitor the design and effectiveness of controls over the accuracy of cost transactions to determine whether they are assets or expenses. Respond to the results of such monitoring with appropriate revisions to process level activities and controls as necessary.