2845-B Final CAPS+ Audit Alert #4

CAPS+ AUDIT ALERT NO. 4: REVIEW OF INTERNAL CONTROLS IN COST ACCOUNTING DOCUMENTATION As of March 15, 2009 This CAPS+ Audit Alert No. 4 addresses our review of internal controls contained in the CAPS+ Cost Accounting documentation. We find that the CAPS+ Cost Accounting documentation identifies several internal controls that if implemented properly will facilitate appropriate segregation of duties, reviews and approvals, audit trails, and account reconciliations. We also identified five (5) recommendations that will improve the planned internal controls and/or improve the system implementation documentation. The CAPS Steering Committee concurred with all five (5) of our recommendations. The scope of our review did not include certain important open items as described in page 4 of our report. The purpose of the CAPS+ Audit Alert is to promptly bring to the CAPS Steering Committee’s attention important potential issues for their immediate assessment and, if necessary, corrective action. The process incorporates an accelerated management response timeline to ensure the timely completion and dissemination of audit issues so as to not impede progress of the CAPS+ Implementation Project. AUDIT NO: 2845-B DATE: MAY 22, 2009 County Internal Auditor: Dr. Peter Hughes, CPA Deputy Director: Eli Littner, CPA, CIA, CISA Sr. Audit Manager: Autumn McKinney, CPA, CIA, CISA IT Audit Manager: Wilson ...