Mentions of “Accounting” — 5 found on pages 2, 4, 7, 8
… k statement did not agree to the balance recorded in the general ledger. The Department of Labor posted an adjusting accounting entry of $2,910, 437 with an unresolved variance of $82,382 because of the reconciliation process variance found. …
Open p.2 ↗… f fice: 302-739-4241 CLA is an independent member of Nexia International, a leading, global network of independent accounting and consulting firms. See nexia.com/member-firm-disclaimer for details. CliftonLarsonAllen LLP CLAconnect.com IND …
Open p.4 ↗… loyment benefits expense, and federal grants revenue. Effect Certain adjustments were required to be made to the accounting records subsequent to the start of the audit process. Cause The Department of Labor’s internal controls over f …
Open p.7 ↗… onciliation and review of accounts occurs at least quarterly. DOL is working with the consultants and the Division of Accounting internal control team to update internal control policies and procedures for account reconciliation. Signif …
Open p.7 ↗… ate in the fiscal year, DOL requested assistance with reconciling the cash accounts and ultimately hired an outside accounting firm. Cash account detail is maintained in spreadsheets and paper statements, which slowed the reconciliation process …
Open p.8 ↗