Lack of internal controls problematic for GovGuam - News: On Air. Online. On Demand.

Lack of internal controls problematic for GovGuam

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by Sabrina Salas Matanane

Guam - GovGuam's compliance and internal controls continues to reflect material weaknesses.   That's based off the Government of Guam's Fiscal Year 2012 single audit reports released by the office of public accountability today.

Independent auditors Deloitte and Touche rendered a qualified opinion on five of the 13 major programs. The material weaknesses meanwhile include a lack of interface between the Department of Administration and DRT's systems, untimely approval of DOA's post-closing adjustments, equipment and real property management, lack of fixed assets reconciliation, eligibility and reporting.

The report does however note that GovGuam continues its efforts to reduce outstanding questioned costs and as of Fiscal Year 2012, GovGuam resolved $1.4 million resulting in $45,000.

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