Slava Lunev
40:42 - 41:29
"the finding was on the internal controls, okay? So it was not the, you know, the The fact that there were errors, that's one thing, but because there was nothing to help the staff to identify those errors, that's where the core problem was for the auditors"
“the finding was on the internal controls, okay? So it was not the, you know, the The fact that there were errors, that's one thing, but because there was nothing to help the staff to identify those errors, that's where the core problem was for the auditors”
- Speaker
- Slava Lunev
- Timestamp
- 40:42 – 41:29
- Transcript
- Kodiak: October 20, 2026, Work Session
- Community
- Alaska News
- Captured at
- October 20, 2026
From the transcript
So, so we knew that whatever we come up with, with the recommendation, it has to be somewhat simple to use, somewhat independent of a particular person, but yet anybody can step in and, you know, do this. The other factor I wanted to kind of bring up is that the finding was on the internal controls, okay? So it was not the, you know, the The fact that there were errors, that's one thing, but because there was nothing to help the staff to identify those errors, that's where the core problem was for the auditors. And what we were trying to accomplish is we were trying to provide some mechanism where the finance office can say, well, we do have controls, we do have an additional review that takes place. And even though, like I said, it's not an error, but at least it's a lot easier to look over 60, 70, which will, you know, statements or invoices versus 800 every month.
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