Industrial Exhibit Authority
Controls Over Trade Agreements The Industrial Exhibit Authority works with the Department of Agriculture and Markets in presenting the annual New York State Fair. Sponsors of the Fair purchase space to display and advertise their products. In some cases, the sponsors purchase this space by providing goods and services to the Authority. We examined the Authority’s controls over these trade agreements and found improvements were needed if the goods and services were to be accurately valued. We identified significant inconsistencies in the valuation process and concluded that, in general, the goods and services were overvalued. We also identified instances in which there was little or no evidence the goods or services were actually received from the sponsors.
For a complete copy of Report 2008-S-91 click here.
For a copy of the 90-day response click here.