An accounting firm has completed its financial review of an Iowa agency rocked by misconduct allegations earlier this year and determined that most — but not all —employee spending within the agency appears to be business-related.

The firm, Eide Bailly, said in a report made public Wednesday that "appropriate internal controls" appear to be in place to prevent fraud, waste or abuse at the Iowa Finance Authority when it comes to its corporate credit card spending, employee reimbursements and travel payment vouchers.

The report adds that most spending is "substantiated with appropriate documentation,” including itemized invoices and receipts.

The agency's board of directors hired the firm in May to examine the agency's spending policies and use of credit cards. Lawmakers sought the review as part of legislation approved this year related to the firing of Dave Jamison, the former IFA director.

Gov. Kim Reynolds fired Jamison in March after he was accused of sexual misconduct by two employees. Jamison denied the allegations.

Another firm released a separate report in September detailing the extent of allegations against Jamison, which included engaging in brazen, sexually harassing and assaultive behavior, and made recommendations for improvements within state government.

Weeks later, a former IFA employee alleged improper budget oversight at the agency.

Carolann Jensen, the interim director for the agency who replaced Jamison, praised the overall findings of Wednesday's report and said in a statement: “IFA has been steadfast in our work to advance opportunities for Iowans and we look forward to continuing to advance our mission while maintaining the trust of the Iowans we serve.”

The report covered a period between 2011-2018. Among its findings:

There were more than 4,600 charges from the IFA's corporate credit card that was used by IFA personnel. It totaled more than $1 million and represented nearly 94 percent of purchases. Those purchases had "appropriate documentation."

Supporting documentation for 153 charges totaling more than $12,000 were identified as missing on IFA credit card statements. The charges represented just over 1 percent of purchases.

16 charges totaling more than $660 were personal purchases. They were reimbursed.

19 lodging charges totaling more than $5,000 shouldn't have been made because the person or people who purchased them were close enough to their homes.

The agency used PayPal accounts, but they were "business accounts" that did not appear to be personal. The funds in these accounts have been deposited into the agency's general fund Wells Fargo Bank account.

Ashley Jared, a spokeswoman for the agency, noted in an email that agency employees no longer have credit cards. The agency's board this year also removed the ability of the executive director to approve non-budgeted expenditures.

Wednesday's report was one of two by the firm aimed at reviewing agency spending. The first report was released earlier this year and did not identify major problems.