Report Summary
Explore Minnesota Tourism
Internal Controls and Compliance Audit
|
Financial Audit Division Report 13-31 |
Released November 21, 2013 |
Conclusion
Explore Minnesota Tourism’s internal controls were generally adequate to ensure that it attained the required private sector appropriation match; safeguarded its financial resources; accurately paid employees, vendors, and grantees as authorized; complied with finance-related legal requirements; and created reliable financial data. For the items tested, Explore Minnesota Tourism generally complied with finance-related legal provisions. However, the office had some internal control weaknesses and instances of noncompliance.
The office resolved four of six previous audit findings but did not fully resolve two prior findings related to receipts and security access to financial systems.
Findings
- Explore Minnesota Tourism did not assess and document financial and compliance risks to ensure that it had designed and implemented effective internal controls.
- Prior Audit Finding Not Resolved: Explore Minnesota Tourism did not effectively safeguard and promptly deposit receipts.
- Prior Finding Partially Resolved: Explore Minnesota Tourism did not mitigate the risk created by allowing incompatible employee access to the state’s accounting system, and it did not monitor certain access staff from another agency had under an interagency agreement.
- Explore Minnesota Tourism did not obtain required grant evaluation data from some grantees, and it did not use evaluation data it did receive to measure success of various types of grants.
Audit Objectives and Scope
| Objectives |
Period Audited |
- Internal controls
- Legal compliance
|
July 1, 2010, through June 30, 2013 |
| |
| Audited Areas |
- Receipts and appropriation match
- Security access to financial systems
- Professional-technical contracts
| - Payroll and travel
- Grants
- Other expenditures
|
