The office of Kentucky Auditor of Public Accounts Allison Ball is teaming up with the Kentucky Association of Counties (KACo) to offer free online training for county elected officials.
On Feb. 27 at 11 a.m. ET, KACo will host a Leadership Institute webinar that will focus on the 10 most common audit findings in county offices and practical strategies to avoid them.
Click here to register for this free training.
The Auditor’s Office conducts more than 600 audits each year.
“Over the past year, I have heard consistent feedback from local officials about their desire for additional resources to ensure their audits are successful,” Auditor Ball said. “My office is committed to supporting them with the tools and knowledge they need to manage taxpayer dollars efficiently and effectively.”
The top 10 issues commonly flagged during county audits are:
- Lack of segregation of duties
- Weak internal controls over expenditures or procurement
- Weak internal controls over payroll
- Weak internal controls over financial reporting
- Failure to maintain appropriate supporting documentation
- Inaccurate financial statement/fourth quarter report
- Failure to follow bid requirements
- Daily deposits not being made
- Purchase orders not used, not used accurately, or not effective
- Inaccurate, timely reporting, and use of forfeiture accounts
During the webinar, two seasoned auditors will walk through each of these audit findings. They will explain the significance of each finding, how local offices typically encounter them, and provide actionable steps to address and resolve each issue.
