Posts Tagged ‘internal controls’

Preauditing Electronic Transactions Just Got (A Little) Easier

Friday, March 23rd, 2018

The preaudit is a statutory internal control process to ensure that public funds are spent appropriately. If implemented properly the preaudit can be an effective tool in preventing and/or mitigating employee mistake, misappropriation, and even fraud. The problem with the preaudit process is that it is difficult to follow the strictures of the statute, particularly […]