Accounts Payable Advisory No. 66

Accounts Payable Advisory
Office of Operations
Bureau of State Expenditures
Advisory Name
Reporting Process for Theft, Loss or Misuse of State Assets
Date Issued
07/09/2020
Date Last Updated
07/09/2020

Subject: 

Updated Reporting Process for the Theft, Loss or Misuse of State Assets

Reference:

Guide to Financial Operations:

Chapter XII.10.E – Reporting the Theft, Loss or Misuse of State Assets

Guidance:

To enable the Office of the State Comptroller (OSC) to carry out its fiscal responsibility, State agencies must inform OSC of any suspected and/or existing theft, loss, misuse or inappropriate action involving State funds, equipment, supplies and other assets as soon as they are identified.  For more information, please refer to Guide to Financial Operations: Chapter XII.10.E – Reporting the Theft, Loss or Misuse of State Assets. 

Update:

The Guide to Financial Operations Chapter XII.10.E – Reporting the Theft, Loss or Misuse of State Assets has been updated to reflect the new process agencies and organizations must follow to report suspected and/or existing theft, loss or misuse of State assets.  Agencies and organizations must send a detailed explanation of the incident to the following OSC mailbox: [email protected].