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The Audit Connection Blog

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Recent GAO report underscores the need for cybersecurity auditing

October 10, 2018

The federal counterpart to the Office of the Washington State Auditor, the Governmental Accountability Office (GAO) released a report on Tuesday demonstrating the vitally important role of cybersecurity auditing in the information age. Vulnerabilities in government systems can be exploited by criminals looking to harm the public, as detailed in the GAO’s audit findings.

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Know what to look for to prevent disbursement fraud

October 9, 2018

Fraudulent disbursements are the most common form of asset misappropriation. This type of disbursement occurs when an employee uses their position to make payment for an inappropriate purpose. They are on-book fraud schemes, which means that money in the form of checks leaves the entity fraudulently, but is recorded on the books and leaves an audit trail. In this way, entities can become victims of fraud, even when no cash is involved.

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Keeping elections safe, one audit at a time

October 1, 2018

Today marks the beginning of October, a month dedicated to the awareness of cybersecurity—a distinction bestowed to October way back in 2003. Here in 2018, 2003 seems light-years away—a dim and distant past when our cybersecurity concerns centered around malicious actors gaining access to our MySpace accounts or Nigerian princes conning us out of our bank account information from the seemingly secure space of a Yahoo email  account. How quaint those concerns seem against the undermining of American democracy, a target of some of today’s cybercriminals.

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Auditor’s Office uses the same Lean methods it teaches to others

August 20, 2018

Our Office is committed to helping governments improve their operations. One way the Auditor’s Office does that is by leading Lean workshops for governments that ask for help improving a process. However, we also look for ways to improve our own Office as well, and we want to share the results of our process improvement efforts during 2017.

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Changes to fiduciary reporting take effect soon

August 14, 2018

Last fall, we posted an article strongly encouraging governments to start evaluating activities that might be classified as fiduciary activities under the Governmental Accounting Standards Board’s (GASB) recently issued Statement No. 84. The changes to fiduciary activity reporting are right around the corner – effective for reporting periods beginning after December 15, 2018 – and affect not only governments that report under generally accepted accounting principles, but those that report using the cash-basis accounting model as well.

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Ensure your bank deposit slips are detailed

August 6, 2018

We have learned that not all banking institutions are providing a detailed breakout of cash and checks on bank validated deposit slips. If your banking records do not contain the detailed cash/check composition of your deposit, you will want to take corrective action as soon as possible.

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Local audit billing rate to rise in 2019

July 31, 2018

As you may have seen in Auditor Pat McCarthy’s letter Monday, the State Auditor’s Office is adjusting the hourly local audit billing rate in 2019. For further information, here are some background facts on the Office’s rates, plans and budget.

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