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Title
Investment Management Service Contracts, Internal Audit Report No. 17-504
Overview
The Internal Audit Department has completed an audit of Investment Management Service Contracts. Based on the audit, contract compliance and invoice review controls are generally adequate; however, several concerns were identified related to the procurement of treasury management software. Also, a recommendation was made to update agreements with investment managers.
Recommendation(s)
Direct staff to implement two recommendations provided in Investment Management Service Contracts, Internal Audit Report No. 17-504.