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CITY OF PARIS. TEXAS <br />Summary Schedule of Prior Audit Findings <br />Year Ended September 30, 2023 <br />FINDING / RECOMMENDATION <br />Financial Statement Findings <br />Finding 2022-01— Internal Controls Related to Bank Reconciliations and Revenue <br />Condition: Internal controls were not properly implemented to reconcile items that should have been <br />investigated and corrected in a timely manner on monthly cash reconciliations. Management did not review <br />bank reconciliations prepared by finance department staff. <br />Recommendation: We recommend the City of Paris, Texas perform bank reconciliations addressing all <br />outstanding items and that management review and approve reconciliations monthly. Any reconciling items <br />should be investigated and convected in a timely manner. <br />Current Status: The City has implemented the recommended procedures. No similar findings were noted in <br />the 2023 audit. <br />Finding 2022-02 — Financial Accounting and Reporting <br />Condition: The City does not control the period -end financial reporting process including controls over <br />procedures used to analyze transactions compromising general ledger activity and controls over recording <br />recurring and non-recurring adjustment to the financial statements. <br />Recommendation: We recommend the management of the City of Paris, Texas maintain close oversight of <br />the accounting and period -end financial reporting process. <br />Current Status: The City is currently improving oversight of the accounting and period -end financial <br />reporting process (on-going). <br />134 <br />