The Internal Audit Findings

Internal audit closed its spring fieldwork with eleven findings — down from nineteen the previous cycle. Two findings rose to "high" severity.

The first high-severity item relates to segregation of duties in the accounts payable workflow. The second concerns incomplete user-access reviews in a financial reporting system.

Both have remediation plans with 30- and 60-day deadlines. Responsible executives signed management response letters, and progress will be reported weekly to the audit committee.

Audit also noted material improvement in four areas flagged last year. Closing findings on time is not glamour work, but it protects the company — and it earns the trust of regulators and investors who notice.