5 | Unannounced Audit of Petty Cash and Change Funds November 2024 Opportunities For Improvement and Management Responses The audit disclosed certain policies, procedures, and/or practices that could be improved. The audit was neither designed nor intended to be a detailed study of every relevant system, procedure, or transaction. As a result of the audit, observations and recommendations identified below are related to these Standards: International Professional Practice Framework Standards (2017) • (Standard 2110) Communicating risk and control information to appropriate areas of the organization, and • (Standard 2130.A1) The effectiveness of controls related to operations and programs, and compliance with policies and procedures. The Opportunities for Improvement presented in this report may not be all-inclusive of areas where improvement may be needed. There were three (3) Opportunities for Improvement identified as a result of the audit: 1. Receipts for Deposit of County Funds and Deposit Ticket Processing 2. Comingling of Imprest Funds 3. Safeguarding of County Assets
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