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Gradebook

Education news and notes from Tampa Bay and Florida

Pasco school audits turn up concerns about financial controls

16

January

The Pasco County school district recently brought in a new internal auditor, who quickly got to work taking a close look at financial operations within the schools and departments.

The reviews of 10 schools, which go to the School Board on Tuesday, suggest the need for more eyes to look at the way money flows inside the campuses. Almost all of the audits include the same material weakness, that there's really no segregation of duties to ensure that the finances are handled properly. There's no suggestion of impropriety, just the warning that controls are lacking.

The finding reads, in relevant part: "The bookkeeper at the School has the primary responsibility for most of the accounting duties. As a result of this lack of segregation of duties, internal controls are weakened increasing the risk that a misappropriation of the School’s assets could occur and not be detected in a timely manner."

District officials have not said whether staffing changes will result from the findings. The School Board is set to review the audits on Tuesday. You can read them all here.

[Last modified: Thursday, January 16, 2014 11:46am]

    

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