MLS Expense Report Requirement
Posted: Sun Aug 06, 2017 12:39 am
A clerk asked me if the MLS Expense Report is required to be printed and signed since the Bishop's signature is on the payment request form and Monthly Financial Statement.
As the auditor looking trying to answer his questions while looking at Audit Question 16. "Did the bishop review and authorize each payment?" The auditor's instruction says: • Look at the payment records. Make sure the bishop has reviewed and authorized the payments by signing at least one of the following: original invoice, original bill, original receipt, or payment request form. The bishop’s signature on the MLS Expense Report is also acceptable proof of his review and authorization.
So I determined that not having the MLS Expense Report printed and signed would not be an audit exemption since the Bishop's signature is on the two other forms. So is there any other reason that this form is required or is it not really necessary?
As the auditor looking trying to answer his questions while looking at Audit Question 16. "Did the bishop review and authorize each payment?" The auditor's instruction says: • Look at the payment records. Make sure the bishop has reviewed and authorized the payments by signing at least one of the following: original invoice, original bill, original receipt, or payment request form. The bishop’s signature on the MLS Expense Report is also acceptable proof of his review and authorization.
So I determined that not having the MLS Expense Report printed and signed would not be an audit exemption since the Bishop's signature is on the two other forms. So is there any other reason that this form is required or is it not really necessary?