FAC Explorer

Audit 293849

FY End
2023-09-30
Total Expended
$1.32M
Findings
2
Programs
1
Organization: Providers Premier Choice of Sek INC (KS)
Year: 2023 Accepted: 2024-03-06
Auditor: Jennifer L Eichinger CPA LLC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
374268 2023-001 Material Weakness Yes B
950710 2023-001 Material Weakness Yes B

Programs

ALN Program Spent Major Findings
10.558 Child and Adult Care Food Program $1.32M Yes 1

Contacts

Name Title Type
YJUPZ79BL3V5 Crystal Vanderford Auditee
6204232710 Jennifer L Eichinger Auditor
No contacts on file

Notes to SEFA

Title: BASIS OF PRESENTATION Accounting Policies: BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES De Minimis Rate Used: N Rate Explanation: N/A The schedule of expenditures of federal awards includes the federal award activity of Providers Premier Choice of SEK, Inc., under programs of the federal government for the year ended September 30, 2023. The information in the schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements of Federal Awards (Uniform Guidance). Because the schedule presents only selected portions of the operations of Providers Premier Choice of SEK, Inc., it is not intended to and does not present the financial position, changes in net assets, or cash flows of Providers Premier Choice of SEK, Inc
Title: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Accounting Policies: BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES De Minimis Rate Used: N Rate Explanation: N/A The above schedule of expenditures of grant awards includes the grant activity of Providers Premier Choice of SEK, Inc. and is presented on a basis of accounting which demonstrates compliance with the basis of accounting described in the Summary of Significant Accounting Policies note to the financial statements.

Finding Details

Finding 2023-001
Criteria: An adequate segregation of duties is a critical element of an effectively designed internal control system, to provide assurance of the prevention and detection of potential material misstatements in the financial statements. Condition: Due to the small size of the organization, there is a lack of segregation of duties. Cause: Due to the size of the organization, and limited staff, duties cannot be effectively segregated. Effect: The entity will have limited assurance of the prevention and detection of potential material misstatements in the financial statements. Context: One individual is responsible for the approval of the expenditures, the payment of the expenditures, and the reconciliation of the bank statements. Identification of repeat finding: Due to the small size of the organization, it is not economically feasible to completely correct the issue. Recommendation: The Board of Directors should evaluate the feasibility of additional steps to segregate duties in a way which would minimize the exposure of the organization to the potential for internal control failures, and implement sufficient compensating controls to overcome the limitations of the organization’s size. Views of responsible officials: Due to the small size of the organization and budget constraints, it is not economically feasible to correct this issue.
Finding 2023-001
Criteria: An adequate segregation of duties is a critical element of an effectively designed internal control system, to provide assurance of the prevention and detection of potential material misstatements in the financial statements. Condition: Due to the small size of the organization, there is a lack of segregation of duties. Cause: Due to the size of the organization, and limited staff, duties cannot be effectively segregated. Effect: The entity will have limited assurance of the prevention and detection of potential material misstatements in the financial statements. Context: One individual is responsible for the approval of the expenditures, the payment of the expenditures, and the reconciliation of the bank statements. Identification of repeat finding: Due to the small size of the organization, it is not economically feasible to completely correct the issue. Recommendation: The Board of Directors should evaluate the feasibility of additional steps to segregate duties in a way which would minimize the exposure of the organization to the potential for internal control failures, and implement sufficient compensating controls to overcome the limitations of the organization’s size. Views of responsible officials: Due to the small size of the organization and budget constraints, it is not economically feasible to correct this issue.