Department of Taxation and Finance

Controls Over Equipment (Follow-Up Review)

In our prior audit report 92-S-87, we identified a number of weaknesses in the equipment control practices of the Department of Taxation and Finance. For example, the Department did not take annual physical inventories as required, did not maintain a comprehensive inventory record, and could not locate many of the items we selected for inspection. In our follow-up review, we found that many of the weaknesses identified in our prior audit have yet to be corrected.

For a complete copy of Report 97-F-16 click here.