Focus Area: Internal Audit
Staff Contact: Mary Ann Vassar
Subject: Reissued Voided Payments Activity Review
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title:
title
Reissued Voided Payments Activity Review.
Body
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Summary:
Audit conducted a recent review of issued, voided, and reissued supplier payments; a number of such transactions were detected during bank reconciliation audit planning. This type of activity can be associated with elevated risk potential for errors and misappropriation. After reviewing bank activity and City financial system records for the voided and reissued payments, no exceptions were noted.
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Financial Impact:
None
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Action Needed:
Review and consideration of report information
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Attachment(s):
Reissued Voided Payments Activity Review