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As noted in Chapter 1 of this report, attempts were made to speak with the former EVP for Finance, but he did not respond to requests for an interview.
We recommend:
KSU record all accounts payable into their accounting system. Recording should be done timely to properly reflect liabilities and eliminate the practice of maintaining invoices outside of Banner.
KSU develop a standard report template for showing outstanding accounts payable balances.
KSU document, in writing, the procedure for creating the outstanding accounts payable balance report, including the sources of information involved.