NYC Government Publication
Audit Report on Collection and Reporting of Revenues by the Board of Standards and Appeals (MG07-061A)
An audit report was filed on June 12, 2007 on the collection and reporting of revenues by the Board of Standards and Appeals. The audit determined whether the Board of Standards and Appeals is correctly accounting for and safeguarding the application fee revenue it receives. It was determined that, overall, the Board is correctly accounting for the revenue it receives. It was found, however, that the Board does not adequately safeguard the fee revenue it receives, issue receipts sequentially or reconcile funds collected with funds deposited. It would also hold funds before forwarding them for deposit and did not alway recognize collected funds as revenue in the appropriate fiscal year. It was also found that the Board's 2005 Directive #1 filing did not reflect its operating practices. Recommendations were made to rectify these issues.
- Agency
- Subject
- Report type
- Audit Report
- Date published
- 2007-06-12
Items
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4747_AUDIT_REPORT_ON_COLLECTION_AND_REPORTING_OF_REVENUES_BY_THE_BOARD_OF_STANDARDS_AND_APPEALS.pdf | 2020-05-08 | Download |