Platte County School District’s Board of Education met Thursday evening, Jan. 17. From a policy standpoint, the highlight of their agenda was uunanimous approval of the district’s annual audit report for the fiscal year ending June 30, 2012.
The auditor identified the following three material weaknesses in the report:
The bookkeeper who inputs payroll information and processes direct deposit payroll authorization has the ability to set up new employees.
The bookkeeper who inputs all accounts payable has the ability to print a check and electronically sign the check without approval or a purchase order.
The district engages the auditor to assist in the preparation of the draft financial statements and the notes to the financial statements and the Superintendent is designated to oversee these non-attest services performed. We noted that the District does not have procedures to use disclosure checklists when reviewing the draft financial statements.
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