New York State Energy Research and Development Authority
Internal Controls Over Financial Operations (Follow-Up Report) The New York State Energy Research and Development Authority administers several energy-related programs. In audit report 2004-S-55, we examined the adequacy of the Authority’s system of internal controls over its financial operations. We found that improvements were needed in billing and collection practices, certain contract approval practices, cash handling and recordkeeping practices, controls over access to critical computer systems, and certain other financial practices. When we followed up on these matters with Authority officials, we found that they had made substantial progress in implementing our audit recommendations.
For a complete copy of Report 2006-F-7 click here.