FAC Explorer

Audit 311943

FY End
2022-06-30
Total Expended
$7.76M
Findings
40
Programs
1
Organization: Home Ownership for Personal Empowerment Inc. (CA)
Year: 2022 Accepted: 2023-09-11
Auditor: Douglas & Bhagat CPA Services INC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
409801 2022-001 Significant Deficiency Yes P
409802 2022-001 Significant Deficiency Yes P
409803 2022-001 Significant Deficiency Yes P
409804 2022-001 Significant Deficiency Yes P
409805 2022-001 Significant Deficiency Yes P
409806 2022-001 Significant Deficiency Yes P
409807 2022-001 Significant Deficiency Yes P
409808 2022-001 Significant Deficiency Yes P
409809 2022-001 Significant Deficiency Yes P
409810 2022-001 Significant Deficiency Yes P
409811 2022-001 Significant Deficiency Yes P
409812 2022-001 Significant Deficiency Yes P
409813 2022-001 Significant Deficiency Yes P
409814 2022-001 Significant Deficiency Yes P
409815 2022-001 Significant Deficiency Yes P
409816 2022-001 Significant Deficiency Yes P
409817 2022-001 Significant Deficiency Yes P
409818 2022-001 Significant Deficiency Yes P
409819 2022-001 Significant Deficiency Yes P
409820 2022-001 Significant Deficiency Yes P
986243 2022-001 Significant Deficiency Yes P
986244 2022-001 Significant Deficiency Yes P
986245 2022-001 Significant Deficiency Yes P
986246 2022-001 Significant Deficiency Yes P
986247 2022-001 Significant Deficiency Yes P
986248 2022-001 Significant Deficiency Yes P
986249 2022-001 Significant Deficiency Yes P
986250 2022-001 Significant Deficiency Yes P
986251 2022-001 Significant Deficiency Yes P
986252 2022-001 Significant Deficiency Yes P
986253 2022-001 Significant Deficiency Yes P
986254 2022-001 Significant Deficiency Yes P
986255 2022-001 Significant Deficiency Yes P
986256 2022-001 Significant Deficiency Yes P
986257 2022-001 Significant Deficiency Yes P
986258 2022-001 Significant Deficiency Yes P
986259 2022-001 Significant Deficiency Yes P
986260 2022-001 Significant Deficiency Yes P
986261 2022-001 Significant Deficiency Yes P
986262 2022-001 Significant Deficiency Yes P

Programs

ALN Program Spent Major Findings
14.239 Home Investment Partnerships Program $287,331 Yes 1

Contacts

Name Title Type
FJMVZJYJAR89 Charles Decuir Auditee
3105430104 Nicole Douglas Auditor
No contacts on file

Notes to SEFA

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: The auditee did not use the de minimis cost rate.

Finding Details

Finding 2022-001
?Criteria or specific requirement: Assignment of responsibility to management of HOPE, Inc. and Board of Directors that the DataCollection Form (DCF) is timely submitted to the federal Audit Clearinghouse (FAC).?Condition: Submission of the DCF with FAC is due within 30 Days of receipt of the auditors' report or 9months after year end of the fiscal year, whichever comes first.?Effect: Material noncompliance with the Uniform Guidance,therefore not considered a low-risk auditee?Cause: Insufficient accounting personnel to maintain and close books to meet submission deadline.?Recommendation: To meet required deadlines and maintain the Organization's books, HOPE, Inc. would need tohire sufficient accounting staff and that management would ensure that the books are kept upto date.?Management's response: HOPE, Inc. has hired Pacific Accounting and Business Services along with a new accountant toassist with the timing and accuracy of HOPE?s financials. We have also contracted with Jensen& Company to assist with audit preparation, training and oversight of HOPE?s financials andaccounting staff.HOPE?s new accounting team will ensure future compliance with all audit and reporting requirement
Finding 2022-001
?Criteria or specific requirement: Assignment of responsibility to management of HOPE, Inc. and Board of Directors that the DataCollection Form (DCF) is timely submitted to the federal Audit Clearinghouse (FAC).?Condition: Submission of the DCF with FAC is due within 30 Days of receipt of the auditors' report or 9months after year end of the fiscal year, whichever comes first.?Effect: Material noncompliance with the Uniform Guidance,therefore not considered a low-risk auditee?Cause: Insufficient accounting personnel to maintain and close books to meet submission deadline.?Recommendation: To meet required deadlines and maintain the Organization's books, HOPE, Inc. would need tohire sufficient accounting staff and that management would ensure that the books are kept upto date.?Management's response: HOPE, Inc. has hired Pacific Accounting and Business Services along with a new accountant toassist with the timing and accuracy of HOPE?s financials. We have also contracted with Jensen& Company to assist with audit preparation, training and oversight of HOPE?s financials andaccounting staff.HOPE?s new accounting team will ensure future compliance with all audit and reporting requirement
Finding 2022-001
?Criteria or specific requirement: Assignment of responsibility to management of HOPE, Inc. and Board of Directors that the DataCollection Form (DCF) is timely submitted to the federal Audit Clearinghouse (FAC).?Condition: Submission of the DCF with FAC is due within 30 Days of receipt of the auditors' report or 9months after year end of the fiscal year, whichever comes first.?Effect: Material noncompliance with the Uniform Guidance,therefore not considered a low-risk auditee?Cause: Insufficient accounting personnel to maintain and close books to meet submission deadline.?Recommendation: To meet required deadlines and maintain the Organization's books, HOPE, Inc. would need tohire sufficient accounting staff and that management would ensure that the books are kept upto date.?Management's response: HOPE, Inc. has hired Pacific Accounting and Business Services along with a new accountant toassist with the timing and accuracy of HOPE?s financials. We have also contracted with Jensen& Company to assist with audit preparation, training and oversight of HOPE?s financials andaccounting staff.HOPE?s new accounting team will ensure future compliance with all audit and reporting requirement
Finding 2022-001
?Criteria or specific requirement: Assignment of responsibility to management of HOPE, Inc. and Board of Directors that the DataCollection Form (DCF) is timely submitted to the federal Audit Clearinghouse (FAC).?Condition: Submission of the DCF with FAC is due within 30 Days of receipt of the auditors' report or 9months after year end of the fiscal year, whichever comes first.?Effect: Material noncompliance with the Uniform Guidance,therefore not considered a low-risk auditee?Cause: Insufficient accounting personnel to maintain and close books to meet submission deadline.?Recommendation: To meet required deadlines and maintain the Organization's books, HOPE, Inc. would need tohire sufficient accounting staff and that management would ensure that the books are kept upto date.?Management's response: HOPE, Inc. has hired Pacific Accounting and Business Services along with a new accountant toassist with the timing and accuracy of HOPE?s financials. We have also contracted with Jensen& Company to assist with audit preparation, training and oversight of HOPE?s financials andaccounting staff.HOPE?s new accounting team will ensure future compliance with all audit and reporting requirement
Finding 2022-001
?Criteria or specific requirement: Assignment of responsibility to management of HOPE, Inc. and Board of Directors that the DataCollection Form (DCF) is timely submitted to the federal Audit Clearinghouse (FAC).?Condition: Submission of the DCF with FAC is due within 30 Days of receipt of the auditors' report or 9months after year end of the fiscal year, whichever comes first.?Effect: Material noncompliance with the Uniform Guidance,therefore not considered a low-risk auditee?Cause: Insufficient accounting personnel to maintain and close books to meet submission deadline.?Recommendation: To meet required deadlines and maintain the Organization's books, HOPE, Inc. would need tohire sufficient accounting staff and that management would ensure that the books are kept upto date.?Management's response: HOPE, Inc. has hired Pacific Accounting and Business Services along with a new accountant toassist with the timing and accuracy of HOPE?s financials. We have also contracted with Jensen& Company to assist with audit preparation, training and oversight of HOPE?s financials andaccounting staff.HOPE?s new accounting team will ensure future compliance with all audit and reporting requirement
Finding 2022-001
?Criteria or specific requirement: Assignment of responsibility to management of HOPE, Inc. and Board of Directors that the DataCollection Form (DCF) is timely submitted to the federal Audit Clearinghouse (FAC).?Condition: Submission of the DCF with FAC is due within 30 Days of receipt of the auditors' report or 9months after year end of the fiscal year, whichever comes first.?Effect: Material noncompliance with the Uniform Guidance,therefore not considered a low-risk auditee?Cause: Insufficient accounting personnel to maintain and close books to meet submission deadline.?Recommendation: To meet required deadlines and maintain the Organization's books, HOPE, Inc. would need tohire sufficient accounting staff and that management would ensure that the books are kept upto date.?Management's response: HOPE, Inc. has hired Pacific Accounting and Business Services along with a new accountant toassist with the timing and accuracy of HOPE?s financials. We have also contracted with Jensen& Company to assist with audit preparation, training and oversight of HOPE?s financials andaccounting staff.HOPE?s new accounting team will ensure future compliance with all audit and reporting requirement
Finding 2022-001
?Criteria or specific requirement: Assignment of responsibility to management of HOPE, Inc. and Board of Directors that the DataCollection Form (DCF) is timely submitted to the federal Audit Clearinghouse (FAC).?Condition: Submission of the DCF with FAC is due within 30 Days of receipt of the auditors' report or 9months after year end of the fiscal year, whichever comes first.?Effect: Material noncompliance with the Uniform Guidance,therefore not considered a low-risk auditee?Cause: Insufficient accounting personnel to maintain and close books to meet submission deadline.?Recommendation: To meet required deadlines and maintain the Organization's books, HOPE, Inc. would need tohire sufficient accounting staff and that management would ensure that the books are kept upto date.?Management's response: HOPE, Inc. has hired Pacific Accounting and Business Services along with a new accountant toassist with the timing and accuracy of HOPE?s financials. We have also contracted with Jensen& Company to assist with audit preparation, training and oversight of HOPE?s financials andaccounting staff.HOPE?s new accounting team will ensure future compliance with all audit and reporting requirement
Finding 2022-001
?Criteria or specific requirement: Assignment of responsibility to management of HOPE, Inc. and Board of Directors that the DataCollection Form (DCF) is timely submitted to the federal Audit Clearinghouse (FAC).?Condition: Submission of the DCF with FAC is due within 30 Days of receipt of the auditors' report or 9months after year end of the fiscal year, whichever comes first.?Effect: Material noncompliance with the Uniform Guidance,therefore not considered a low-risk auditee?Cause: Insufficient accounting personnel to maintain and close books to meet submission deadline.?Recommendation: To meet required deadlines and maintain the Organization's books, HOPE, Inc. would need tohire sufficient accounting staff and that management would ensure that the books are kept upto date.?Management's response: HOPE, Inc. has hired Pacific Accounting and Business Services along with a new accountant toassist with the timing and accuracy of HOPE?s financials. We have also contracted with Jensen& Company to assist with audit preparation, training and oversight of HOPE?s financials andaccounting staff.HOPE?s new accounting team will ensure future compliance with all audit and reporting requirement
Finding 2022-001
?Criteria or specific requirement: Assignment of responsibility to management of HOPE, Inc. and Board of Directors that the DataCollection Form (DCF) is timely submitted to the federal Audit Clearinghouse (FAC).?Condition: Submission of the DCF with FAC is due within 30 Days of receipt of the auditors' report or 9months after year end of the fiscal year, whichever comes first.?Effect: Material noncompliance with the Uniform Guidance,therefore not considered a low-risk auditee?Cause: Insufficient accounting personnel to maintain and close books to meet submission deadline.?Recommendation: To meet required deadlines and maintain the Organization's books, HOPE, Inc. would need tohire sufficient accounting staff and that management would ensure that the books are kept upto date.?Management's response: HOPE, Inc. has hired Pacific Accounting and Business Services along with a new accountant toassist with the timing and accuracy of HOPE?s financials. We have also contracted with Jensen& Company to assist with audit preparation, training and oversight of HOPE?s financials andaccounting staff.HOPE?s new accounting team will ensure future compliance with all audit and reporting requirement
Finding 2022-001
?Criteria or specific requirement: Assignment of responsibility to management of HOPE, Inc. and Board of Directors that the DataCollection Form (DCF) is timely submitted to the federal Audit Clearinghouse (FAC).?Condition: Submission of the DCF with FAC is due within 30 Days of receipt of the auditors' report or 9months after year end of the fiscal year, whichever comes first.?Effect: Material noncompliance with the Uniform Guidance,therefore not considered a low-risk auditee?Cause: Insufficient accounting personnel to maintain and close books to meet submission deadline.?Recommendation: To meet required deadlines and maintain the Organization's books, HOPE, Inc. would need tohire sufficient accounting staff and that management would ensure that the books are kept upto date.?Management's response: HOPE, Inc. has hired Pacific Accounting and Business Services along with a new accountant toassist with the timing and accuracy of HOPE?s financials. We have also contracted with Jensen& Company to assist with audit preparation, training and oversight of HOPE?s financials andaccounting staff.HOPE?s new accounting team will ensure future compliance with all audit and reporting requirement
Finding 2022-001
?Criteria or specific requirement: Assignment of responsibility to management of HOPE, Inc. and Board of Directors that the DataCollection Form (DCF) is timely submitted to the federal Audit Clearinghouse (FAC).?Condition: Submission of the DCF with FAC is due within 30 Days of receipt of the auditors' report or 9months after year end of the fiscal year, whichever comes first.?Effect: Material noncompliance with the Uniform Guidance,therefore not considered a low-risk auditee?Cause: Insufficient accounting personnel to maintain and close books to meet submission deadline.?Recommendation: To meet required deadlines and maintain the Organization's books, HOPE, Inc. would need tohire sufficient accounting staff and that management would ensure that the books are kept upto date.?Management's response: HOPE, Inc. has hired Pacific Accounting and Business Services along with a new accountant toassist with the timing and accuracy of HOPE?s financials. We have also contracted with Jensen& Company to assist with audit preparation, training and oversight of HOPE?s financials andaccounting staff.HOPE?s new accounting team will ensure future compliance with all audit and reporting requirement
Finding 2022-001
?Criteria or specific requirement: Assignment of responsibility to management of HOPE, Inc. and Board of Directors that the DataCollection Form (DCF) is timely submitted to the federal Audit Clearinghouse (FAC).?Condition: Submission of the DCF with FAC is due within 30 Days of receipt of the auditors' report or 9months after year end of the fiscal year, whichever comes first.?Effect: Material noncompliance with the Uniform Guidance,therefore not considered a low-risk auditee?Cause: Insufficient accounting personnel to maintain and close books to meet submission deadline.?Recommendation: To meet required deadlines and maintain the Organization's books, HOPE, Inc. would need tohire sufficient accounting staff and that management would ensure that the books are kept upto date.?Management's response: HOPE, Inc. has hired Pacific Accounting and Business Services along with a new accountant toassist with the timing and accuracy of HOPE?s financials. We have also contracted with Jensen& Company to assist with audit preparation, training and oversight of HOPE?s financials andaccounting staff.HOPE?s new accounting team will ensure future compliance with all audit and reporting requirement
Finding 2022-001
?Criteria or specific requirement: Assignment of responsibility to management of HOPE, Inc. and Board of Directors that the DataCollection Form (DCF) is timely submitted to the federal Audit Clearinghouse (FAC).?Condition: Submission of the DCF with FAC is due within 30 Days of receipt of the auditors' report or 9months after year end of the fiscal year, whichever comes first.?Effect: Material noncompliance with the Uniform Guidance,therefore not considered a low-risk auditee?Cause: Insufficient accounting personnel to maintain and close books to meet submission deadline.?Recommendation: To meet required deadlines and maintain the Organization's books, HOPE, Inc. would need tohire sufficient accounting staff and that management would ensure that the books are kept upto date.?Management's response: HOPE, Inc. has hired Pacific Accounting and Business Services along with a new accountant toassist with the timing and accuracy of HOPE?s financials. We have also contracted with Jensen& Company to assist with audit preparation, training and oversight of HOPE?s financials andaccounting staff.HOPE?s new accounting team will ensure future compliance with all audit and reporting requirement
Finding 2022-001
?Criteria or specific requirement: Assignment of responsibility to management of HOPE, Inc. and Board of Directors that the DataCollection Form (DCF) is timely submitted to the federal Audit Clearinghouse (FAC).?Condition: Submission of the DCF with FAC is due within 30 Days of receipt of the auditors' report or 9months after year end of the fiscal year, whichever comes first.?Effect: Material noncompliance with the Uniform Guidance,therefore not considered a low-risk auditee?Cause: Insufficient accounting personnel to maintain and close books to meet submission deadline.?Recommendation: To meet required deadlines and maintain the Organization's books, HOPE, Inc. would need tohire sufficient accounting staff and that management would ensure that the books are kept upto date.?Management's response: HOPE, Inc. has hired Pacific Accounting and Business Services along with a new accountant toassist with the timing and accuracy of HOPE?s financials. We have also contracted with Jensen& Company to assist with audit preparation, training and oversight of HOPE?s financials andaccounting staff.HOPE?s new accounting team will ensure future compliance with all audit and reporting requirement
Finding 2022-001
?Criteria or specific requirement: Assignment of responsibility to management of HOPE, Inc. and Board of Directors that the DataCollection Form (DCF) is timely submitted to the federal Audit Clearinghouse (FAC).?Condition: Submission of the DCF with FAC is due within 30 Days of receipt of the auditors' report or 9months after year end of the fiscal year, whichever comes first.?Effect: Material noncompliance with the Uniform Guidance,therefore not considered a low-risk auditee?Cause: Insufficient accounting personnel to maintain and close books to meet submission deadline.?Recommendation: To meet required deadlines and maintain the Organization's books, HOPE, Inc. would need tohire sufficient accounting staff and that management would ensure that the books are kept upto date.?Management's response: HOPE, Inc. has hired Pacific Accounting and Business Services along with a new accountant toassist with the timing and accuracy of HOPE?s financials. We have also contracted with Jensen& Company to assist with audit preparation, training and oversight of HOPE?s financials andaccounting staff.HOPE?s new accounting team will ensure future compliance with all audit and reporting requirement
Finding 2022-001
?Criteria or specific requirement: Assignment of responsibility to management of HOPE, Inc. and Board of Directors that the DataCollection Form (DCF) is timely submitted to the federal Audit Clearinghouse (FAC).?Condition: Submission of the DCF with FAC is due within 30 Days of receipt of the auditors' report or 9months after year end of the fiscal year, whichever comes first.?Effect: Material noncompliance with the Uniform Guidance,therefore not considered a low-risk auditee?Cause: Insufficient accounting personnel to maintain and close books to meet submission deadline.?Recommendation: To meet required deadlines and maintain the Organization's books, HOPE, Inc. would need tohire sufficient accounting staff and that management would ensure that the books are kept upto date.?Management's response: HOPE, Inc. has hired Pacific Accounting and Business Services along with a new accountant toassist with the timing and accuracy of HOPE?s financials. We have also contracted with Jensen& Company to assist with audit preparation, training and oversight of HOPE?s financials andaccounting staff.HOPE?s new accounting team will ensure future compliance with all audit and reporting requirement
Finding 2022-001
?Criteria or specific requirement: Assignment of responsibility to management of HOPE, Inc. and Board of Directors that the DataCollection Form (DCF) is timely submitted to the federal Audit Clearinghouse (FAC).?Condition: Submission of the DCF with FAC is due within 30 Days of receipt of the auditors' report or 9months after year end of the fiscal year, whichever comes first.?Effect: Material noncompliance with the Uniform Guidance,therefore not considered a low-risk auditee?Cause: Insufficient accounting personnel to maintain and close books to meet submission deadline.?Recommendation: To meet required deadlines and maintain the Organization's books, HOPE, Inc. would need tohire sufficient accounting staff and that management would ensure that the books are kept upto date.?Management's response: HOPE, Inc. has hired Pacific Accounting and Business Services along with a new accountant toassist with the timing and accuracy of HOPE?s financials. We have also contracted with Jensen& Company to assist with audit preparation, training and oversight of HOPE?s financials andaccounting staff.HOPE?s new accounting team will ensure future compliance with all audit and reporting requirement
Finding 2022-001
?Criteria or specific requirement: Assignment of responsibility to management of HOPE, Inc. and Board of Directors that the DataCollection Form (DCF) is timely submitted to the federal Audit Clearinghouse (FAC).?Condition: Submission of the DCF with FAC is due within 30 Days of receipt of the auditors' report or 9months after year end of the fiscal year, whichever comes first.?Effect: Material noncompliance with the Uniform Guidance,therefore not considered a low-risk auditee?Cause: Insufficient accounting personnel to maintain and close books to meet submission deadline.?Recommendation: To meet required deadlines and maintain the Organization's books, HOPE, Inc. would need tohire sufficient accounting staff and that management would ensure that the books are kept upto date.?Management's response: HOPE, Inc. has hired Pacific Accounting and Business Services along with a new accountant toassist with the timing and accuracy of HOPE?s financials. We have also contracted with Jensen& Company to assist with audit preparation, training and oversight of HOPE?s financials andaccounting staff.HOPE?s new accounting team will ensure future compliance with all audit and reporting requirement
Finding 2022-001
?Criteria or specific requirement: Assignment of responsibility to management of HOPE, Inc. and Board of Directors that the DataCollection Form (DCF) is timely submitted to the federal Audit Clearinghouse (FAC).?Condition: Submission of the DCF with FAC is due within 30 Days of receipt of the auditors' report or 9months after year end of the fiscal year, whichever comes first.?Effect: Material noncompliance with the Uniform Guidance,therefore not considered a low-risk auditee?Cause: Insufficient accounting personnel to maintain and close books to meet submission deadline.?Recommendation: To meet required deadlines and maintain the Organization's books, HOPE, Inc. would need tohire sufficient accounting staff and that management would ensure that the books are kept upto date.?Management's response: HOPE, Inc. has hired Pacific Accounting and Business Services along with a new accountant toassist with the timing and accuracy of HOPE?s financials. We have also contracted with Jensen& Company to assist with audit preparation, training and oversight of HOPE?s financials andaccounting staff.HOPE?s new accounting team will ensure future compliance with all audit and reporting requirement
Finding 2022-001
?Criteria or specific requirement: Assignment of responsibility to management of HOPE, Inc. and Board of Directors that the DataCollection Form (DCF) is timely submitted to the federal Audit Clearinghouse (FAC).?Condition: Submission of the DCF with FAC is due within 30 Days of receipt of the auditors' report or 9months after year end of the fiscal year, whichever comes first.?Effect: Material noncompliance with the Uniform Guidance,therefore not considered a low-risk auditee?Cause: Insufficient accounting personnel to maintain and close books to meet submission deadline.?Recommendation: To meet required deadlines and maintain the Organization's books, HOPE, Inc. would need tohire sufficient accounting staff and that management would ensure that the books are kept upto date.?Management's response: HOPE, Inc. has hired Pacific Accounting and Business Services along with a new accountant toassist with the timing and accuracy of HOPE?s financials. We have also contracted with Jensen& Company to assist with audit preparation, training and oversight of HOPE?s financials andaccounting staff.HOPE?s new accounting team will ensure future compliance with all audit and reporting requirement
Finding 2022-001
?Criteria or specific requirement: Assignment of responsibility to management of HOPE, Inc. and Board of Directors that the DataCollection Form (DCF) is timely submitted to the federal Audit Clearinghouse (FAC).?Condition: Submission of the DCF with FAC is due within 30 Days of receipt of the auditors' report or 9months after year end of the fiscal year, whichever comes first.?Effect: Material noncompliance with the Uniform Guidance,therefore not considered a low-risk auditee?Cause: Insufficient accounting personnel to maintain and close books to meet submission deadline.?Recommendation: To meet required deadlines and maintain the Organization's books, HOPE, Inc. would need tohire sufficient accounting staff and that management would ensure that the books are kept upto date.?Management's response: HOPE, Inc. has hired Pacific Accounting and Business Services along with a new accountant toassist with the timing and accuracy of HOPE?s financials. We have also contracted with Jensen& Company to assist with audit preparation, training and oversight of HOPE?s financials andaccounting staff.HOPE?s new accounting team will ensure future compliance with all audit and reporting requirement
Finding 2022-001
?Criteria or specific requirement: Assignment of responsibility to management of HOPE, Inc. and Board of Directors that the DataCollection Form (DCF) is timely submitted to the federal Audit Clearinghouse (FAC).?Condition: Submission of the DCF with FAC is due within 30 Days of receipt of the auditors' report or 9months after year end of the fiscal year, whichever comes first.?Effect: Material noncompliance with the Uniform Guidance,therefore not considered a low-risk auditee?Cause: Insufficient accounting personnel to maintain and close books to meet submission deadline.?Recommendation: To meet required deadlines and maintain the Organization's books, HOPE, Inc. would need tohire sufficient accounting staff and that management would ensure that the books are kept upto date.?Management's response: HOPE, Inc. has hired Pacific Accounting and Business Services along with a new accountant toassist with the timing and accuracy of HOPE?s financials. We have also contracted with Jensen& Company to assist with audit preparation, training and oversight of HOPE?s financials andaccounting staff.HOPE?s new accounting team will ensure future compliance with all audit and reporting requirement
Finding 2022-001
?Criteria or specific requirement: Assignment of responsibility to management of HOPE, Inc. and Board of Directors that the DataCollection Form (DCF) is timely submitted to the federal Audit Clearinghouse (FAC).?Condition: Submission of the DCF with FAC is due within 30 Days of receipt of the auditors' report or 9months after year end of the fiscal year, whichever comes first.?Effect: Material noncompliance with the Uniform Guidance,therefore not considered a low-risk auditee?Cause: Insufficient accounting personnel to maintain and close books to meet submission deadline.?Recommendation: To meet required deadlines and maintain the Organization's books, HOPE, Inc. would need tohire sufficient accounting staff and that management would ensure that the books are kept upto date.?Management's response: HOPE, Inc. has hired Pacific Accounting and Business Services along with a new accountant toassist with the timing and accuracy of HOPE?s financials. We have also contracted with Jensen& Company to assist with audit preparation, training and oversight of HOPE?s financials andaccounting staff.HOPE?s new accounting team will ensure future compliance with all audit and reporting requirement
Finding 2022-001
?Criteria or specific requirement: Assignment of responsibility to management of HOPE, Inc. and Board of Directors that the DataCollection Form (DCF) is timely submitted to the federal Audit Clearinghouse (FAC).?Condition: Submission of the DCF with FAC is due within 30 Days of receipt of the auditors' report or 9months after year end of the fiscal year, whichever comes first.?Effect: Material noncompliance with the Uniform Guidance,therefore not considered a low-risk auditee?Cause: Insufficient accounting personnel to maintain and close books to meet submission deadline.?Recommendation: To meet required deadlines and maintain the Organization's books, HOPE, Inc. would need tohire sufficient accounting staff and that management would ensure that the books are kept upto date.?Management's response: HOPE, Inc. has hired Pacific Accounting and Business Services along with a new accountant toassist with the timing and accuracy of HOPE?s financials. We have also contracted with Jensen& Company to assist with audit preparation, training and oversight of HOPE?s financials andaccounting staff.HOPE?s new accounting team will ensure future compliance with all audit and reporting requirement
Finding 2022-001
?Criteria or specific requirement: Assignment of responsibility to management of HOPE, Inc. and Board of Directors that the DataCollection Form (DCF) is timely submitted to the federal Audit Clearinghouse (FAC).?Condition: Submission of the DCF with FAC is due within 30 Days of receipt of the auditors' report or 9months after year end of the fiscal year, whichever comes first.?Effect: Material noncompliance with the Uniform Guidance,therefore not considered a low-risk auditee?Cause: Insufficient accounting personnel to maintain and close books to meet submission deadline.?Recommendation: To meet required deadlines and maintain the Organization's books, HOPE, Inc. would need tohire sufficient accounting staff and that management would ensure that the books are kept upto date.?Management's response: HOPE, Inc. has hired Pacific Accounting and Business Services along with a new accountant toassist with the timing and accuracy of HOPE?s financials. We have also contracted with Jensen& Company to assist with audit preparation, training and oversight of HOPE?s financials andaccounting staff.HOPE?s new accounting team will ensure future compliance with all audit and reporting requirement
Finding 2022-001
?Criteria or specific requirement: Assignment of responsibility to management of HOPE, Inc. and Board of Directors that the DataCollection Form (DCF) is timely submitted to the federal Audit Clearinghouse (FAC).?Condition: Submission of the DCF with FAC is due within 30 Days of receipt of the auditors' report or 9months after year end of the fiscal year, whichever comes first.?Effect: Material noncompliance with the Uniform Guidance,therefore not considered a low-risk auditee?Cause: Insufficient accounting personnel to maintain and close books to meet submission deadline.?Recommendation: To meet required deadlines and maintain the Organization's books, HOPE, Inc. would need tohire sufficient accounting staff and that management would ensure that the books are kept upto date.?Management's response: HOPE, Inc. has hired Pacific Accounting and Business Services along with a new accountant toassist with the timing and accuracy of HOPE?s financials. We have also contracted with Jensen& Company to assist with audit preparation, training and oversight of HOPE?s financials andaccounting staff.HOPE?s new accounting team will ensure future compliance with all audit and reporting requirement
Finding 2022-001
?Criteria or specific requirement: Assignment of responsibility to management of HOPE, Inc. and Board of Directors that the DataCollection Form (DCF) is timely submitted to the federal Audit Clearinghouse (FAC).?Condition: Submission of the DCF with FAC is due within 30 Days of receipt of the auditors' report or 9months after year end of the fiscal year, whichever comes first.?Effect: Material noncompliance with the Uniform Guidance,therefore not considered a low-risk auditee?Cause: Insufficient accounting personnel to maintain and close books to meet submission deadline.?Recommendation: To meet required deadlines and maintain the Organization's books, HOPE, Inc. would need tohire sufficient accounting staff and that management would ensure that the books are kept upto date.?Management's response: HOPE, Inc. has hired Pacific Accounting and Business Services along with a new accountant toassist with the timing and accuracy of HOPE?s financials. We have also contracted with Jensen& Company to assist with audit preparation, training and oversight of HOPE?s financials andaccounting staff.HOPE?s new accounting team will ensure future compliance with all audit and reporting requirement
Finding 2022-001
?Criteria or specific requirement: Assignment of responsibility to management of HOPE, Inc. and Board of Directors that the DataCollection Form (DCF) is timely submitted to the federal Audit Clearinghouse (FAC).?Condition: Submission of the DCF with FAC is due within 30 Days of receipt of the auditors' report or 9months after year end of the fiscal year, whichever comes first.?Effect: Material noncompliance with the Uniform Guidance,therefore not considered a low-risk auditee?Cause: Insufficient accounting personnel to maintain and close books to meet submission deadline.?Recommendation: To meet required deadlines and maintain the Organization's books, HOPE, Inc. would need tohire sufficient accounting staff and that management would ensure that the books are kept upto date.?Management's response: HOPE, Inc. has hired Pacific Accounting and Business Services along with a new accountant toassist with the timing and accuracy of HOPE?s financials. We have also contracted with Jensen& Company to assist with audit preparation, training and oversight of HOPE?s financials andaccounting staff.HOPE?s new accounting team will ensure future compliance with all audit and reporting requirement
Finding 2022-001
?Criteria or specific requirement: Assignment of responsibility to management of HOPE, Inc. and Board of Directors that the DataCollection Form (DCF) is timely submitted to the federal Audit Clearinghouse (FAC).?Condition: Submission of the DCF with FAC is due within 30 Days of receipt of the auditors' report or 9months after year end of the fiscal year, whichever comes first.?Effect: Material noncompliance with the Uniform Guidance,therefore not considered a low-risk auditee?Cause: Insufficient accounting personnel to maintain and close books to meet submission deadline.?Recommendation: To meet required deadlines and maintain the Organization's books, HOPE, Inc. would need tohire sufficient accounting staff and that management would ensure that the books are kept upto date.?Management's response: HOPE, Inc. has hired Pacific Accounting and Business Services along with a new accountant toassist with the timing and accuracy of HOPE?s financials. We have also contracted with Jensen& Company to assist with audit preparation, training and oversight of HOPE?s financials andaccounting staff.HOPE?s new accounting team will ensure future compliance with all audit and reporting requirement
Finding 2022-001
?Criteria or specific requirement: Assignment of responsibility to management of HOPE, Inc. and Board of Directors that the DataCollection Form (DCF) is timely submitted to the federal Audit Clearinghouse (FAC).?Condition: Submission of the DCF with FAC is due within 30 Days of receipt of the auditors' report or 9months after year end of the fiscal year, whichever comes first.?Effect: Material noncompliance with the Uniform Guidance,therefore not considered a low-risk auditee?Cause: Insufficient accounting personnel to maintain and close books to meet submission deadline.?Recommendation: To meet required deadlines and maintain the Organization's books, HOPE, Inc. would need tohire sufficient accounting staff and that management would ensure that the books are kept upto date.?Management's response: HOPE, Inc. has hired Pacific Accounting and Business Services along with a new accountant toassist with the timing and accuracy of HOPE?s financials. We have also contracted with Jensen& Company to assist with audit preparation, training and oversight of HOPE?s financials andaccounting staff.HOPE?s new accounting team will ensure future compliance with all audit and reporting requirement
Finding 2022-001
?Criteria or specific requirement: Assignment of responsibility to management of HOPE, Inc. and Board of Directors that the DataCollection Form (DCF) is timely submitted to the federal Audit Clearinghouse (FAC).?Condition: Submission of the DCF with FAC is due within 30 Days of receipt of the auditors' report or 9months after year end of the fiscal year, whichever comes first.?Effect: Material noncompliance with the Uniform Guidance,therefore not considered a low-risk auditee?Cause: Insufficient accounting personnel to maintain and close books to meet submission deadline.?Recommendation: To meet required deadlines and maintain the Organization's books, HOPE, Inc. would need tohire sufficient accounting staff and that management would ensure that the books are kept upto date.?Management's response: HOPE, Inc. has hired Pacific Accounting and Business Services along with a new accountant toassist with the timing and accuracy of HOPE?s financials. We have also contracted with Jensen& Company to assist with audit preparation, training and oversight of HOPE?s financials andaccounting staff.HOPE?s new accounting team will ensure future compliance with all audit and reporting requirement
Finding 2022-001
?Criteria or specific requirement: Assignment of responsibility to management of HOPE, Inc. and Board of Directors that the DataCollection Form (DCF) is timely submitted to the federal Audit Clearinghouse (FAC).?Condition: Submission of the DCF with FAC is due within 30 Days of receipt of the auditors' report or 9months after year end of the fiscal year, whichever comes first.?Effect: Material noncompliance with the Uniform Guidance,therefore not considered a low-risk auditee?Cause: Insufficient accounting personnel to maintain and close books to meet submission deadline.?Recommendation: To meet required deadlines and maintain the Organization's books, HOPE, Inc. would need tohire sufficient accounting staff and that management would ensure that the books are kept upto date.?Management's response: HOPE, Inc. has hired Pacific Accounting and Business Services along with a new accountant toassist with the timing and accuracy of HOPE?s financials. We have also contracted with Jensen& Company to assist with audit preparation, training and oversight of HOPE?s financials andaccounting staff.HOPE?s new accounting team will ensure future compliance with all audit and reporting requirement
Finding 2022-001
?Criteria or specific requirement: Assignment of responsibility to management of HOPE, Inc. and Board of Directors that the DataCollection Form (DCF) is timely submitted to the federal Audit Clearinghouse (FAC).?Condition: Submission of the DCF with FAC is due within 30 Days of receipt of the auditors' report or 9months after year end of the fiscal year, whichever comes first.?Effect: Material noncompliance with the Uniform Guidance,therefore not considered a low-risk auditee?Cause: Insufficient accounting personnel to maintain and close books to meet submission deadline.?Recommendation: To meet required deadlines and maintain the Organization's books, HOPE, Inc. would need tohire sufficient accounting staff and that management would ensure that the books are kept upto date.?Management's response: HOPE, Inc. has hired Pacific Accounting and Business Services along with a new accountant toassist with the timing and accuracy of HOPE?s financials. We have also contracted with Jensen& Company to assist with audit preparation, training and oversight of HOPE?s financials andaccounting staff.HOPE?s new accounting team will ensure future compliance with all audit and reporting requirement
Finding 2022-001
?Criteria or specific requirement: Assignment of responsibility to management of HOPE, Inc. and Board of Directors that the DataCollection Form (DCF) is timely submitted to the federal Audit Clearinghouse (FAC).?Condition: Submission of the DCF with FAC is due within 30 Days of receipt of the auditors' report or 9months after year end of the fiscal year, whichever comes first.?Effect: Material noncompliance with the Uniform Guidance,therefore not considered a low-risk auditee?Cause: Insufficient accounting personnel to maintain and close books to meet submission deadline.?Recommendation: To meet required deadlines and maintain the Organization's books, HOPE, Inc. would need tohire sufficient accounting staff and that management would ensure that the books are kept upto date.?Management's response: HOPE, Inc. has hired Pacific Accounting and Business Services along with a new accountant toassist with the timing and accuracy of HOPE?s financials. We have also contracted with Jensen& Company to assist with audit preparation, training and oversight of HOPE?s financials andaccounting staff.HOPE?s new accounting team will ensure future compliance with all audit and reporting requirement
Finding 2022-001
?Criteria or specific requirement: Assignment of responsibility to management of HOPE, Inc. and Board of Directors that the DataCollection Form (DCF) is timely submitted to the federal Audit Clearinghouse (FAC).?Condition: Submission of the DCF with FAC is due within 30 Days of receipt of the auditors' report or 9months after year end of the fiscal year, whichever comes first.?Effect: Material noncompliance with the Uniform Guidance,therefore not considered a low-risk auditee?Cause: Insufficient accounting personnel to maintain and close books to meet submission deadline.?Recommendation: To meet required deadlines and maintain the Organization's books, HOPE, Inc. would need tohire sufficient accounting staff and that management would ensure that the books are kept upto date.?Management's response: HOPE, Inc. has hired Pacific Accounting and Business Services along with a new accountant toassist with the timing and accuracy of HOPE?s financials. We have also contracted with Jensen& Company to assist with audit preparation, training and oversight of HOPE?s financials andaccounting staff.HOPE?s new accounting team will ensure future compliance with all audit and reporting requirement
Finding 2022-001
?Criteria or specific requirement: Assignment of responsibility to management of HOPE, Inc. and Board of Directors that the DataCollection Form (DCF) is timely submitted to the federal Audit Clearinghouse (FAC).?Condition: Submission of the DCF with FAC is due within 30 Days of receipt of the auditors' report or 9months after year end of the fiscal year, whichever comes first.?Effect: Material noncompliance with the Uniform Guidance,therefore not considered a low-risk auditee?Cause: Insufficient accounting personnel to maintain and close books to meet submission deadline.?Recommendation: To meet required deadlines and maintain the Organization's books, HOPE, Inc. would need tohire sufficient accounting staff and that management would ensure that the books are kept upto date.?Management's response: HOPE, Inc. has hired Pacific Accounting and Business Services along with a new accountant toassist with the timing and accuracy of HOPE?s financials. We have also contracted with Jensen& Company to assist with audit preparation, training and oversight of HOPE?s financials andaccounting staff.HOPE?s new accounting team will ensure future compliance with all audit and reporting requirement
Finding 2022-001
?Criteria or specific requirement: Assignment of responsibility to management of HOPE, Inc. and Board of Directors that the DataCollection Form (DCF) is timely submitted to the federal Audit Clearinghouse (FAC).?Condition: Submission of the DCF with FAC is due within 30 Days of receipt of the auditors' report or 9months after year end of the fiscal year, whichever comes first.?Effect: Material noncompliance with the Uniform Guidance,therefore not considered a low-risk auditee?Cause: Insufficient accounting personnel to maintain and close books to meet submission deadline.?Recommendation: To meet required deadlines and maintain the Organization's books, HOPE, Inc. would need tohire sufficient accounting staff and that management would ensure that the books are kept upto date.?Management's response: HOPE, Inc. has hired Pacific Accounting and Business Services along with a new accountant toassist with the timing and accuracy of HOPE?s financials. We have also contracted with Jensen& Company to assist with audit preparation, training and oversight of HOPE?s financials andaccounting staff.HOPE?s new accounting team will ensure future compliance with all audit and reporting requirement
Finding 2022-001
?Criteria or specific requirement: Assignment of responsibility to management of HOPE, Inc. and Board of Directors that the DataCollection Form (DCF) is timely submitted to the federal Audit Clearinghouse (FAC).?Condition: Submission of the DCF with FAC is due within 30 Days of receipt of the auditors' report or 9months after year end of the fiscal year, whichever comes first.?Effect: Material noncompliance with the Uniform Guidance,therefore not considered a low-risk auditee?Cause: Insufficient accounting personnel to maintain and close books to meet submission deadline.?Recommendation: To meet required deadlines and maintain the Organization's books, HOPE, Inc. would need tohire sufficient accounting staff and that management would ensure that the books are kept upto date.?Management's response: HOPE, Inc. has hired Pacific Accounting and Business Services along with a new accountant toassist with the timing and accuracy of HOPE?s financials. We have also contracted with Jensen& Company to assist with audit preparation, training and oversight of HOPE?s financials andaccounting staff.HOPE?s new accounting team will ensure future compliance with all audit and reporting requirement
Finding 2022-001
?Criteria or specific requirement: Assignment of responsibility to management of HOPE, Inc. and Board of Directors that the DataCollection Form (DCF) is timely submitted to the federal Audit Clearinghouse (FAC).?Condition: Submission of the DCF with FAC is due within 30 Days of receipt of the auditors' report or 9months after year end of the fiscal year, whichever comes first.?Effect: Material noncompliance with the Uniform Guidance,therefore not considered a low-risk auditee?Cause: Insufficient accounting personnel to maintain and close books to meet submission deadline.?Recommendation: To meet required deadlines and maintain the Organization's books, HOPE, Inc. would need tohire sufficient accounting staff and that management would ensure that the books are kept upto date.?Management's response: HOPE, Inc. has hired Pacific Accounting and Business Services along with a new accountant toassist with the timing and accuracy of HOPE?s financials. We have also contracted with Jensen& Company to assist with audit preparation, training and oversight of HOPE?s financials andaccounting staff.HOPE?s new accounting team will ensure future compliance with all audit and reporting requirement
Finding 2022-001
?Criteria or specific requirement: Assignment of responsibility to management of HOPE, Inc. and Board of Directors that the DataCollection Form (DCF) is timely submitted to the federal Audit Clearinghouse (FAC).?Condition: Submission of the DCF with FAC is due within 30 Days of receipt of the auditors' report or 9months after year end of the fiscal year, whichever comes first.?Effect: Material noncompliance with the Uniform Guidance,therefore not considered a low-risk auditee?Cause: Insufficient accounting personnel to maintain and close books to meet submission deadline.?Recommendation: To meet required deadlines and maintain the Organization's books, HOPE, Inc. would need tohire sufficient accounting staff and that management would ensure that the books are kept upto date.?Management's response: HOPE, Inc. has hired Pacific Accounting and Business Services along with a new accountant toassist with the timing and accuracy of HOPE?s financials. We have also contracted with Jensen& Company to assist with audit preparation, training and oversight of HOPE?s financials andaccounting staff.HOPE?s new accounting team will ensure future compliance with all audit and reporting requirement