Audit Report on the Financial and Operating Practices of the Bronx Borough President’s Office

This audit determined whether the Bronx Borough President’s Office is complying with certain inventory procedures for office equipment as set forth in the Department of Investigation’s (DOI) Standards for Inventory Control and Management and are maintaining effective internal controls systems over equipment inventory as required by Comptroller’s Directive #1 Financial Integrity Statement.

Audit Findings and Conclusions

Our review of the inventory records maintained by the Borough President’s Office found that the office generally adhered to the Department of Investigation’s Standards for Inventory Control and Management and to Comptroller’s Directive #1 Financial Integrity Statement.

However, we did note some instances of noncompliance regarding maintenance of complete and accurate inventory lists. These instances of noncompliance did not cause us to change our overall opinion.

Audit Recommendations

We make the following recommendations to the Borough President’s Office. The Borough President’s Office should ensure that:

• Missing equipment is located.
• Complete and accurate records of all equipment are maintained.
• Identification tags are affixed to all office equipment items and include sequential internal control numbers.

Auditee Response

In their response, Borough President’s Office officials responded that they were in agreement with the report’s recommendations and described the steps they have taken or will take to implement the report’s recommendations.