Sample Audit letter

Topics: Auditing, Financial audit, Internal audit Pages: 5 (754 words) Published: March 3, 2015
INTERNAL AUDIT REPORT
2011-09

KincaidOutdoorCenterCashControls
ParksandRecreationDepartment
July 12,20II

OF ANCHORAGE
MUNICIPALITY
Internal Audit Department
632 W 6th Avenue,Suite600
P . O .B ox 1 9 6 6 5 0
Anchorage,Alaska 99519-6650
http://www.muni.org/audit

OFFICE OF THE INTERNAL AUDITOR
PeterRaiskums,CIA, CFE, CGFM
Director
Phone: (907) 343-4438
Fax: (907) 343-4370
E-Mail: raiskumspw@muni.org

OF AIVCHORAGE
M UNICIPALITY
Phone:907-343-4438
Fax:907-343-4370

Auditor
Officeof the Internal
632W. 6tnAve..Suite600
Mayor Dan Sullivan

July 12,20L1,

Honorable Mayor and Members of the Assembly:
I am pleasedto presentInternal Audit Report 2011-09,Kincaid Outdoor Center Cash Controls, Parks and Recreation Department for your review. A brief summary of the report is presented below.
In accordancewith the 201lAudit Plan, we have completedan audit of the Kincaid Outdoor Center CashControls. The objective ofthis audit was to determineifthe Kincaid OutdoorCenterhadproper cashcontrols in place and ifthese controls were in compliancewith Municipal Policy andProcedure 24-1, Collecting,Securing,Depositing and Reporting Cash.Our audit included a surprisecashcount and a review of cashconfrols.h addition, we selecteda sampleof cashreceiptsandreviewedbackup documentationfor complianceand accuracy.Finally, we reviewedpermit andclassdocumentationto determine if the Kincaid Outdoor Center had properly accountedfor revenue. Basedon our review, we determinedthat cashconfrol proceduresat the Kincaid OutdoorCenterwere generally satisfactory and revenue was properly accounted for. However, the safe key and combination were not properly securedand a $100 changefund was short SZZ. There was one finding in connection with this audit. Managementwas responsiveto the finding and recommendation.

(fuQ*r

PeterRaiskums,CIA, CFE
Director, Internal Audit

OF AITICHORAGE
M UNICIPALITY
Phone:907-343-4438
Fax: 907-343-4370

Auditor
Officeof the Internal
632w. 6'nAve.,Suite600
Mayor Dan Sullivan

July12,20Lt

Internal Audit Report 2011-09
Kincaid Outdoor Center Cash Controls
Parks and Recreation Department
Introduction. The Parks and RecreationDepartrnent(Department) overseesthe activities of the Kincaid Outdoor Center (Center) locatedin Kincaid Park (Park). The Center and adjacentgrounds can be rented for a variety of servicesincluding picnics, parties,weddings, receptions,barbeques, meetings and sporting events.Rental feesvary dependingon the rented area,duration ofuse, number ofpeople, equipmentused and whether alcohol is served.

The Park consistsof 1,400acresof park land with about 37 miles of trails to run, bike, walk, hike or ski. Many programs and events areheld throughout the year at the Park and feesmay be chargedfor senricessuch as park use, equipmentrental, and insbuctional programs.

Obiective and Scope. The objective of this audit was to determineif the Center had proper cash controls in place and if these controls were in compliance with Municipal Policy and Procedure (P&P) 24-I, Collecting,Securing,Depositing and Reporting Cash.Ornaudit includeda styprisecash coturt and a review of cashconfiols. h addition, we selecteda sampleof cashreceiptsand reviewed backup documentation for compliance and accuracy. Finally, we reviewed permit and class documentation to determine if the Center had properly accountedfor revenue.

The audit was conducted in accordancewith generally acceptedgovenrment auditing standards, except for the requirementof an externalquality confol review, and accordingly, included testsof accorurting records and such other auditing procedures as we considered necessary in the circumstances.The audit was requestedby the Administration.

Overall Evaluation. Cashconffol proceduresat the Centerwere generallysatisfactoryand revenue was properly accountedfor. However, the safekey and combinationwere not properly securedand a $100 changefund was short $22.

InternalAudit...
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