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Documenting Internal Controls Over Financial Reporting

Background. KPMG's Management Letter Comment in the 2004-2005 CAFR: Internal controls in place at State agencies that report financial information to the Office of the State Comptroller (OSC) are not sufficiently documented nor tested by management. Background (cont.). DOB, KPMG, OSC agreed to add

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Documenting Internal Controls Over Financial Reporting

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    1. Documenting Internal Controls Over Financial Reporting Scott Heid, Sharon Salembier, Theresa Lawrence, Heather Pratt

    2. Background KPMG’s Management Letter Comment in the 2004-2005 CAFR: Internal controls in place at State agencies that report financial information to the Office of the State Comptroller (OSC) are not sufficiently documented nor tested by management

    3. Background (cont.) DOB, KPMG, OSC agreed to address comment by……. Eight audits of State agencies, documentation of internal controls over key financial areas!!!!!!

    4. Agencies and Key Areas State Education Dept Tax and Finance Health Labor Court Administration Corrections Transportation Temporary Disability Assistance State Aid Personal Income Tax eMedNY system Unemployment Ins Payroll Payroll Capital Assets Automated Claiming System

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