FAC Explorer

Audit 319486

FY End
2022-12-31
Total Expended
$935,000
Findings
4
Programs
1
Organization: National Asian American Coalition (CA)
Year: 2022 Accepted: 2024-09-12
Auditor: Kirsch Kohn & Bridge LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
496675 2022-007 Material Weakness - L
496676 2022-008 Material Weakness - A
1073117 2022-007 Material Weakness - L
1073118 2022-008 Material Weakness - A

Programs

ALN Program Spent Major Findings
21.024 Community Development Financial Institutions Rapid Response Program (cdfi Rrp) $935,000 Yes 2

Contacts

Name Title Type
C2DJZHY19MJ5 Joselito Tabang Auditee
4155700295 Carisa Ferrer Auditor
No contacts on file

Notes to SEFA

Title: A. BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of National Asian American Coalition 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 the Uniform Guidance. Some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the financial statements. Expenditures reported on the schedule are reported on the accrual basis of accounting. De Minimis Rate Used: N Rate Explanation: Auditee has not elected to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance. The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of National Asian American Coalition 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 the Uniform Guidance. Some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the financial statements. Expenditures reported on the schedule are reported on the accrual basis of accounting.
Title: B. INDIRECT COST RATE Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of National Asian American Coalition 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 the Uniform Guidance. Some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the financial statements. Expenditures reported on the schedule are reported on the accrual basis of accounting. De Minimis Rate Used: N Rate Explanation: Auditee has not elected to use the 10% de minimis indirect cost rate as allowed under the Uniform Guidance. National Asian American Coalition has not elected to use the 10% de minims indirect cost rate as allowed under the Uniform Guidance.

Finding Details

Finding 2022-007
Due to the scope limitation noted in the single audit findings report there were delays in the performance of required audit procedures.
Finding 2022-008
Deficiencies in internal control were noted during the financial statement audit process.
Finding 2022-007
Due to the scope limitation noted in the single audit findings report there were delays in the performance of required audit procedures.
Finding 2022-008
Deficiencies in internal control were noted during the financial statement audit process.