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Table of Contents <br />Introduction...............................................................................................................................1 <br />AuditObjectives........................................................................................................................2 <br />AuditScope and Methodology................................................................................................ 2 <br />Commendations & Noteworthy Accomplishments................................................................ 3 <br />Background.............................................................................................................................. 4 <br />Who is the Department of Water Supply?..................................................................4 <br />How do you pay for your water bill?...........................................................................4 <br />How much money did the Department of Water Supply receive last fiscal year for <br />waterreceipts? .......................................................................................................... 4 <br />What internal controls should be expected over cash receipts?.................................5 <br />Why are internal controls important?.........................................................................5 <br />AuditResults............................................................................................................................ 8 <br />Internal controls over water cash receipts are inadequate to prevent, detect, or <br />deter, fraudulent transactions. As a result, we were unable to determine if cash <br />receiptsis complete......................................................................................................8 <br />Whatshould be?....................................................................................................... 9 <br />Whatdid we find?..................................................................................................... 9 <br />Whydid this happen?............................................................................................. 12 <br />What are the consequences?................................................................................. 15 <br />What do we recommend?....................................................................................... 16 <br />Management's Comments......................................................................................................18 <br />AppendixA — Audit Criteria....................................................................................................20 <br />