2019 Final Report

… ed RECOMMENDATION 10: DVI shall implement all recommendations that were included in the BEP audit completed by Cover & Rossiter. DVI shall provide JLOSC wit h implementation status updates. Status: Tabled RECOMMENDATION 11: DVI sh …

… completion date for corrective action plan: February 1, 201625 Business Enterprise Program Audit Completed by Cover & Rossiter: Cover & Rossiter 26 conducted an audit of “agreed upon procedures” in 2018 of DVI’s Business Enterprise Program …

… corrective action plan: February 1, 201625 Business Enterprise Program Audit Completed by Cover & Rossiter: Cover & Rossiter 26 conducted an audit of “agreed upon procedures” in 2018 of DVI’s Business Enterprise Program (“BEP”). BEP’s goal …

… d municipal properties, locations where, under law, DVI consumers are granted priority to operate vending facilities. Cover & Rossiter reviewed BEP’s accounting, recordkeeping, profit and loss reports, an d bank accounts. The conclusions and recommen …

… ecordkeeping, profit and loss reports, an d bank accounts. The conclusions and recommendations are as follows:  Cover & Rossiter was unable to cross reconcile DVI’s sample selection of Gross Revenue, Merchandise and Payroll expense from the semi …

… nue, Merchandise and Payroll expense from the semi -monthly Profit and Loss statements to the Annual Statement.  Cover & Rossiter was unable to reconcile the bank statements to the cash on hand as reported on the Annual Report. The cash reported o …

… 78.34. We are unable to ascertain why the variance exists.  Excel is not suitable as the pr imary accounting system. Cover & Rossiter recommend s the State shift recordkeeping to the State’s accounting system. If this is not an option then a stand- a …

… clude in their responses to the JLOSC questionnaire if corrective action was put in place following the audit. 26 Cover & Rossiter is an independent certified public accountant firm located in Wilmington, Delaware. JLOSC Final Report – Division for …