TO:
Audit Committee
THROUGH:
Jay Fox, Executive Director
FROM:
Mike Hurst, Director Internal Audit
PRESENTER(S):
Viola Miller, Chief Financial Officer
Rob Lamph, Comptroller
TITLE:
title
1099 Reporting Follow-up (R-23-03)
end
AGENDA ITEM TYPE:
Report
RECOMMENDATION:
Informational report for discussion.
BACKGROUND:
Internal Audit completed a preliminary assessment of 1099 Reporting, a federal tax reporting requirement, in August 2023 as part of the 2023 Audit Plan. The engagement found compliance issues with reporting for year-end 2022. A follow-up audit was completed in October 2024 and the compliance issues were repeated for reporting of year-end 2023.
DISCUSSION:
Internal Audit will report on observations and recommendations from the audit.
ALTERNATIVES:
Not applicable
FISCAL IMPACT:
ATTACHMENTS:
R-23-03 1099 Reporting Follow Up Report