Quận của CLOSTER LỊCH CỦA KẾT QUẢ VÀ trả lời (tiếp theo) NĂM KẾT THÚC 31 tháng 12 năm 2010 Phần này xác định những thiếu sót đáng kể, điểm yếu vật chất, và các trường hợp không tuân thủ liên quan đến báo cáo tài chính được yêu cầu phải báo cáo theo quy định của Chương 5,18-5,20 của Kiểm toán Chính phủ | BOROUGH OF CLOSTER SCHEDULE OF FINDINGS AND RESPONSES CONT D FOR THE YEAR ENDED DECEMBER 31 2010 This section identifies the significant deficiencies material weaknesses and instances of noncompliance related to the financial statements that are required to be reported in accordance with Chapter of Government Auditing Standards. Finding 2010-2 Our audit revealed that purchase orders are not always issued prior to commitments being incurred. Criteria or Specific Requirement NJAC requires the Borough to maintain an encumbrance accounting system. Condition Certain municipal departments are ordering goods and services prior to the issuance of a purchase order. Cause Unknown. Effect Commitments may exist and not be recorded in the financial statements. Recommendation The encumbrance system be enhanced to ensure that purchase orders are issued prior to incurring expenditures. Management s Response Management has reviewed this finding and has indicated appropriate corrective action will be implemented. This is trial version BOROUGH OF CLOSTER SCHEDULE OF FINDINGS AND RESPONSES CONT D FOR THE YEAR ENDED DECEMBER 31 2010 This section identifies the significant deficiencies material weaknesses and instances of noncompliance related to the financial statements that are required to be reported in accordance with Chapter of Government Auditing Standards. Finding 2010-3 Our audit revealed that the Borough s fixed asset accounting ledger was not updated for assets acquired during 2010. In addition prior year fixed asset balances as reported in the Borough s internal accounting budget records are not in agreement with the audit balances. Criteria or Specific Requirement NJ AC 5 requires that the Borough implement and maintain a fixed asset accounting system. Condition The Borough s fixed asset accounting system was not updated for assets acquired or disposed of during 2010. Furthermore the prior year balances were not in agreement with .
