WILMINGTON, N.C. (WECT) – After reviewing the Battleship North Carolina’s financial processes, an accounting firm has recommended more than a dozen changes to address internal issues plaguing the ship.
The review comes after the state auditor’s office found more than $2 million in financial reporting errors in September. The report found the mistakes could increase the risk of fraud, and that ship management “did not have adequate internal controls, including review procedures, to ensure accurate financial reporting.”
In a letter to State Auditor Dave Boliek on August 19, Jay Martin, the Executive Director of the USS North Carolina Battleship Memorial and Battleship Commission, wrote the Commission agreed with the findings and recommendations made by the audit, and “is taking prompt corrective action to strengthen internal controls”…