Grand County Seeks Outside Accounting Help Following Internal Audit Findings
What happened
Grand County commissioners voted to seek proposals for outside accounting help after internal audits found weaknesses in how the county checks payments, maintains financial records, and tracks restricted funds. Mary McGann opposed this motion, favoring greater consideration of training existing employees.
From moabtimes.com
Why it matters
The county administration is now developing a request for proposals for financial controller services to address the internal audit findings. The internal auditor had recommended a qualified controller to oversee daily accounting and coordinate financial reporting.
An Audit Committee is overseeing financial management in Grand County, reviewing demands made to the Clerk-Auditor's Office.
From moabtimes.com
Who's involved
- Grand CountyThe county whose financial management is being reviewed.
- Mary McGannOpposed the motion for outside accounting help during the financial review.
- Audit CommitteeOversees financial management in Grand County.
- clerkThe office functionally responsible for managing the county's budget and financial operations.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Grand CountySpeculative
The county might face increased operational costs due to hiring outside accounting help.
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The entities involved
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Grand County
county in Colorado, United States
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Mary McGann
researcher