Common Internal Control Weaknesses – Payroll • Stale Policies and Procedures – Timekeeping System & Payroll Preparation Policies, HR Policies, Payroll Distribution • Training and Staff Development • PTO Authorization and Perpetual Tracking System • Inadequate Segregation of Duties (ARC- Authorization, Recording, Custody)- HR & Payroll Functions • Summarize Weaknesses – Test Controls? (Design & Operation of Internal Control)
(Opportunity) Internal Control Assessment • Policies & Procedures Over Financial Reporting & Close
• Inadequate Segregation of Duties
• Reliance on Computerized Systems (General Ledger, Online Gaming System, Player Tracking, Payroll & A/P)
BlueBird CPAs
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