Ill. Auditor General: 'Illinois Mathematics and Science Academy -- Financial Audit'
May 16, 2025
May 16, 2025
SPRINGFIELD, Illinois, May 16 (TNSLrpt) -- The Illinois Auditor General issued the following report involving Illinois Mathematics and Science Academy -- Financial Audit.
Here are excerpts:
* * *
INADEQUATE CONTROLS OVER IDENTIFYING
AND RECORDING UNEARNED REVENUE,
UNAVAILABLE REVENUE, AND ACCOUNTS
PAYABLE
The Academy did not establish adequate internal controls over identifying and recording deferred reven . . .
Here are excerpts:
* * *
INADEQUATE CONTROLS OVER IDENTIFYING
AND RECORDING UNEARNED REVENUE,
UNAVAILABLE REVENUE, AND ACCOUNTS
PAYABLE
The Academy did not establish adequate internal controls over identifying and recording deferred reven . . .