The Topeka Capital-Journal reports that KTA’s independent auditor found that personnel responsible for preparing the agency’s financial statements “are not adequately trained in generally accepted [accounting principles issued by the GASB] . . . . Additionally, there is a lack of documented policies and procedures, and controls for ensuring completion of tasks needed to prepare for financial statements.” The audit report itself (an attachment to KTA’s 2016 annual report) states, “Lack of controls and procedures could result in a material misstatement to the financial statements.” Spokeswoman Jeri Biehler tells the newspaper that KTA is already implementing a corrective action plan that includes new accounting software. She added that the authority has no reason to believe any misappropriation of assets has occurred.
