Government Audit Status and Challenges
Get insights into the government's completed and ongoing audits, major challenges faced, and performance measures. Stay updated on fiscal years under audit, completion dates, outstanding reconciliations, and more.
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Presentation Transcript
[GOVT] - COMPLETED AUDIT STATUS AUDIT STATUS COMMENTS 1 What FY is your most recently completed audit? 2 Date completed and submitted to audit clearing house 3 # of Federal qualifications for completed audit 4 # of Financial qualifications for completed audit # of Component Unit qualifications for completed the completed audit 5 What was the greatest challenge or lesson learned during this audit? 6 1 IGFOA Virtual Check-In - October 11, 2024
[GOVT] - CURRENT AUDIT STATUS AUDIT STATUS COMMENTS Which fiscal year is currently under audit? When did field work begin and what is the expected completion date? 1 List the major reconciliations still outstanding 2 # of component units on schedule & # behind 3 Date of your current approved extension 4 What are your major challenges to completion? 5 2 IGFOA Virtual Check-In - October 11, 2024
Prior Period -2 Prior Period -1 Current Period 0 (YOUR GOVT) Department of Finance Performance Measures Audit issue? Target Period Trend Notes Reconciliation and Internal Control Reduction in overdue travel advances % reduction in overdue advances Monthly Bank Reconciliations completed on a timely basis ___days after month end Monthly Reduction in invalid, outdated encumbrances 0% invalid encumbrances Qtrly 3 IGFOA Virtual Check-In - October 11, 2024
[GOVT] - ANYTHING SPECIAL TO SHARE? 4 IGFOA Virtual Check-In - October 11, 2024
