text: erroneous records passing through several transmissions beforecorrections were made. 43.Werecommended thatthereshould beamorethorough reviewofbatchcontrol totalsinordertoensurethecompleteness ofrecords processed, avoidthe rejection ofbatches andminimize delays indatatransmission. Inaddition, error detection, reporting andcorrection procedures should beestablished inorderto ensurethaterrorsareactedupon. TheAdministration promised todesign appropriate procedures, asrecommended. Property control 44.Ourreviewofproperty records, coupled withthephysical verification of equipment, disclosed thatallpersonal property receipts havenotbeenrenewed for thecurrent year,incertain instances property receipts weresigned bypersons otherthanthosewhosenamesappeared thereon, somestaffmembers wereunableto showtheproperty issuedtothem,thememorandum onthereturnofproperty wasnot -11-II complied with,various piecesofeauipment werenotincluded intheinventory listing orwerewithout numbers andphysical security forsupplies andeauipment wasinadeauate. 45.Whenwerecommended thattheobserved deficiencies becorrected, the Administration informed usthatappropriate measures hadbeguntobeimplemented. Write-offs ofreceivables andlosses 46.TheAdministration informed usthatduring 1984governmental and non-governmental receivables amounting to$2,816,476.27 werewritten off.Ofthis total,$1,077,222.76 werefromgeneral resources and$1,736,253.51 werefrom supplementary funds. In,addition, wewereinformed thatlossesofcashamounting to$1,598.94 werewritten offduringtheyear. Greeting CardOperation Accounting controls 47.Weobserved breakdowns inaccounting controls overinventories withconsignees andatsuppliers andwarehouses. Theseweaknesses included material differences in general andsUbsidiary ledgerbalances, abnormal andObviously erroneous balances, negative balances andthefailure toreconcile inventory records withreplies to confirmation requests. 48.Werecommended thattheexisting accounting system andprocedures be immediately reviewed, weaknesses identified andcorrective measures instituted. TheAdministration informed usthatourrecommendations werenowcurrently being implemented. Accounting policies 49.Ourexamination disclosed thefailure toimplement twoaccounting policies properly. Thepresent practice ofwriting offthecostofcardsthatremainunsold attheendofacampaign yearbringsaboutanundervaluation ofinventories and affects incomemeasurement. Dataprovided bytheGenevaofficedisclosed thatfor threeconsecutive years,prioryears'cardsaccounted foratleast21percentof totalcardssold. TheNewYorkoffice informed usthatnormally 20percentof cardsunsoldattheendofacampaign yeararesoldduringthefollowing year. Thesestatistics suggest thattheamounts involved couldbematerial. Wealso notedthepractice ofstating accounts payable atbothfiscal andcalendar year-ends atanamountequaltothestandard costoftherawmaterials purchased ratherthanatactualcost. 50.Werecommended thattheseaccounting practices becorrected inorderto conform totheaccounting policies thattheorgan~zation hasadopted. The Administration informed usthatappropriate corrective measures wouldbeinstituted. Electronic data-processing controls 51.Ourexamination ofelectronic data-processing controls revealed inadeauate security intheinventory filemaintenance function. Thepresent programme allows -12-lTentory eauipment the mplemented. ff.Ofthis efrom hamounting thconsignees ifferences in llSbalances, replies to be stituted. ~tlybeing policies remainunsold niesand ;edthatfor Jercentof rcentof 19year. Wealso 1dar purchased 'lerto The )einstituted. ladeauate :ammeallowsmodification oftheinventory opening balance without priorauthorization and documentation. Forinstance, computer runsontwodifferent datesdisclosed two balances ofthebeginning inventory thatshowed adifference of$32,859.93. In
analysis: The text appears to be an audit report of a non-profit organization, specifically addressing issues with record-keeping, accounting practices, and inventory management. It does not seem to be related to any specific economic or environmental sector, but rather focuses on the internal controls and financial management of the organization.