Welfare Research, Inc.
Internal Controls Over Financial Operations Welfare Research, Inc. (WRI) is a not-for-profit organization that performs research and provides technical assistance for organizations in the human services, health, and education fields. WRI is awarded contracts and grants by these organizations, which include government agencies, not-for-profit entities and private entities. At the time of our audit, WRI had large contracts from the New York City Department of Health and Mental Hygiene and the New York State Office of Children and Family Services, and smaller contracts from other entities. We found that WRI had established generally adequate internal controls in the areas of Board governance, cash management, revenue, equipment and asset management, and accounting and information systems. However, certain procedures needed to be improved in the areas of procurement and contracting, payroll, and budgeting and expenditures.
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