Minnesota State Academies
Internal Controls and Compliance Audit
Financial Audit Division Report 13-24
Released October 3, 2013
The Minnesota State Academies (academies) generally had adequate internal controls to ensure that it safeguarded its financial resources, accurately paid employees and vendors in accordance with management’s authorizations, produced reliable financial data, and complied with finance-related legal requirements. For the items we tested, the academies generally complied with finance-related legal requirements. However, the academies had some internal control weaknesses and instances of noncompliance.
The academies resolved 15 of 16 prior audit findings.
- The Minnesota State Academies had not eliminated or mitigated the risk created by assigning employees incompatible security roles in the state’s accounting system.
- The Minnesota State Academies had not adequately administered free and reduced student meals and meal ticket sales.
- The Minnesota State Academies had not reviewed employees’ activity logs to ensure they billed school districts only for special education services provided.
Audit Objectives and Scope
- Internal controls
- Legal compliance
|July 1, 2009, through January 31, 2013
- Payroll expenditures
- Selected revenues
- Student account activity
- Selected administrative expenditures
- Local bank account and imprest cash activity
- Computer system security access