Follow-Up Audit Report on the Conflict of Interest Board’s Oversight over the Collection and Reporting of Enforcement Fines

The objective of this audit was to determine whether the six recommendations made in a 2017 audit report, Audit Report on the Conflicts of Interest Board’s Oversight over Collection and Reporting of Enforcement Fines (Audit #FK17-068A), have been fully implemented.

Summary of Findings

The audit found that two recommendations have been implemented, one has not been implemented, and one is no longer applicable. The auditors were unable to verify the implementation status of the remaining two recommendations because of insufficient evidence.

Recommendations

This report makes two recommendations to address the issues that still exist, specifically that COIB should ensure that it adheres to internal written policies regarding the depositing of cash receipts on at least a weekly basis and that it maintains evidence that restrictive endorsements are placed on cash receipts as soon as they are received.

Agency Response

In its response, COIB did not directly address the two recommendations made in this follow-up, but instead stated that “[it] will continue all possible efforts, as it has done both during the audit period and throughout its history, to ensure the timely collection, restrictive endorsement, and deposit of all enforcement fines.”