FAC Explorer

Audit 10565

FY End
2022-12-31
Total Expended
$2.04M
Findings
2
Programs
8
Organization: Alvis, Inc. (OH)
Year: 2022 Accepted: 2024-01-09
Auditor: Brady Ware & Schoenfeld

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
8053 2022-001 Material Weakness - A
584495 2022-001 Material Weakness - A

Programs

ALN Program Spent Major Findings
93.959 Treatment of Substance Abuse $767,563 - 0
93.498 Provider Relief Fund $532,139 - 1
93.788 Opioid Str $305,961 - 0
93.243 Substance Abuse and Mental Health Services Projects of Regional and National Significance $126,835 - 0
17.270 Hopes $126,739 - 0
16.593 Residential Substance Abuse Treatment $100,892 - 0
16.575 Crime Victim Assistance/catch Court $70,298 - 0
93.558 Temporary Assistance for Needy Families $6,716 - 0

Contacts

Name Title Type
FGJWD4RQ1HL9 Jacqueline Neal Auditee
6142528402 Melessa Behymer Auditor
No contacts on file

Notes to SEFA

Title: Basis of Presentation Accounting Policies: Note 2 - Summary of Significant Accounting Policies Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. De Minimis Rate Used: N Rate Explanation: N/A The accompanying schedule of expenditures of federal awards (the "Schedule") includes the federal awards activity of Alvis, Inc. and Affiliate under programs of the federal government for the year ended December 31, 2022. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of Alvis, Inc. and Affiliate, it is not intended to, and does not present the financial position, change in net assets, or cash flows of Alvis, Inc. and Affiliate.
Title: Subrecipients Accounting Policies: Note 2 - Summary of Significant Accounting Policies Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. De Minimis Rate Used: N Rate Explanation: N/A Alvis, Inc. and Affiliate provided no federal awards to subrecipients.
Title: Provider Relief Funding Accounting Policies: Note 2 - Summary of Significant Accounting Policies Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of expenditures are not allowable or are limited as to reimbursement. De Minimis Rate Used: N Rate Explanation: N/A Alvis, Inc. and Affiliate has reported expenditures and lost revenue as part of the Provider Relief Fund, Assistance Listing Number 93.498.

Finding Details

Finding 2022-001
Finding 2022-001 - Material Adjustments Criteria: Management is responsible for reconciling the accounts at end of year and ensuring accounting records are kept in accordance with generally accepted accounting principles (GAAP). Condition: There were insufficient internal controls over financial reporting requiring material audit adjustments during the audit to prevent the consolidated financial statements from being materially misstated. Cause: Due to staffing turnover and shortages all required entries needed were not recorded and management relied on auditors to propose entries after audit procedures. Effect or potential effect: Most adjustments were due to staffing issues or lack of knowledge of GAAP with new staffing to properly make the required adjustments. The risk with this condition is that necessary adjustment to the financial statements to record material misstatements may be missed, and there is no control in place to detect and correct this condition. Recommendation: The Organization and accounting industry in general have had some significant staffing issues over the past few years that have led to the issues noted. The Organization needs to:  Assess accounting staff to ensure you have the correct number for size of Organization and proper skill set.  Ensure processes and internal controls are documented and staff has appropriate training. Views of responsible officials: See attached.
Finding 2022-001
Finding 2022-001 - Material Adjustments Criteria: Management is responsible for reconciling the accounts at end of year and ensuring accounting records are kept in accordance with generally accepted accounting principles (GAAP). Condition: There were insufficient internal controls over financial reporting requiring material audit adjustments during the audit to prevent the consolidated financial statements from being materially misstated. Cause: Due to staffing turnover and shortages all required entries needed were not recorded and management relied on auditors to propose entries after audit procedures. Effect or potential effect: Most adjustments were due to staffing issues or lack of knowledge of GAAP with new staffing to properly make the required adjustments. The risk with this condition is that necessary adjustment to the financial statements to record material misstatements may be missed, and there is no control in place to detect and correct this condition. Recommendation: The Organization and accounting industry in general have had some significant staffing issues over the past few years that have led to the issues noted. The Organization needs to:  Assess accounting staff to ensure you have the correct number for size of Organization and proper skill set.  Ensure processes and internal controls are documented and staff has appropriate training. Views of responsible officials: See attached.