#PayrollControls

Auditors give Southeast Polk an unmodified opinion, flag material weaknesses in reconciliations and GAAP adjustments Bonsack & Fromelt presented the FY2025 audit: a clean (unmodified) financial statement opinion but two material weaknesses (timely bank reconciliations and adjustments required for GAAP), a prior-year single-audit filing compliance finding for 2024, and recommendations to strengthen payroll and segregation-of-duties controls.

Southeast Polk Community School District received a clean audit opinion, but auditors raised red flags over significant weaknesses in bank reconciliations and compliance with accounting principles.

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#IA #CitizenPortal #IowaSchools #PayrollControls

Day 8 of 31 Days to a More Effective Compliance Program: Payroll is not just HR; it is a frontline anti-corruption control. Offshore payments and controls matter. 

Listen to today’s 6–8 minute episode. https://bit.ly/49xGpA7 #Compliance #AntiCorruption #PayrollControls