Follow-up Review of Recommendations Made in the Audit of the Accounting and Collection of Dishonored Checks

The Office of the Virgin Islands Inspector General has issued the audit report on the follow-up review of recommendations made in the June 2008 audit of the accounting and collection of dishonored checks. Although, with the introduction of the Tele Check system, Finance made efforts to put in place a mechanism to reduce the number of dishonored checks accepted by the Government, the department’s accounting and collection of dishonored checks remained ineffective. Our follow-up review revealed that Finance could not support as accurate the outstanding amount of $3,261,814 in 1,519 dishonored checks reportedly received by the Government from October 1, 2009 through May 31, 2011. To view the report, click here.