In a recent audit, Connecticut’s state Auditors of Public Accounts scrutinized the Office of the Treasurer. Their investigation covered fiscal years ending June 30, 2021, and 2022. The objective? Assessing controls over management and financial functions, internal policy compliance, and operational efficiency. The audit uncovered several critical findings, including asset disposal issues and inventory oversight. The improper records stemmed from an office relocation in 2020, resulting in a surplus of old items. According to the audit, inventory records weren’t updated to reflect the move, posing an increased risk of property loss or improper disposal.