FAC Explorer

Audit 328654

FY End
2020-09-30
Total Expended
$9.11M
Findings
8
Programs
2
Organization: American Society for Engineering Education (DC)
Year: 2020 Accepted: 2024-11-18
Auditor: Rln US LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
508199 2020-003 Material Weakness Yes C
508200 2020-004 Significant Deficiency Yes E
508201 2020-003 Material Weakness Yes C
508202 2020-004 Significant Deficiency Yes E
1084641 2020-003 Material Weakness Yes C
1084642 2020-004 Significant Deficiency Yes E
1084643 2020-003 Material Weakness Yes C
1084644 2020-004 Significant Deficiency Yes E

Programs

ALN Program Spent Major Findings
12.300 Basic and Applied Scientific Research $6.25M Yes 2
47.041 Engineering $2.86M Yes 2

Contacts

Name Title Type
F6G9C4HMNHW4 Jaime Ulloa Auditee
2029496726 Roland Nezaj Auditor
No contacts on file

Notes to SEFA

Title: Basis of Presentation 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 Society has not elected to use the 10 percent de minimis indirect cost rates as allowed under the Uniform Guidance, but rather the rates established directly with the respective federal agencies. The schedule of expenditures of federal awards (the Schedule) includes the federal award activity of American Society for Engineering Education (the Society) under programs of the federal government for the year ended September 30, 2020. 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 Society, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Society.
Title: Basis of Accounting 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 Society has not elected to use the 10 percent de minimis indirect cost rates as allowed under the Uniform Guidance, but rather the rates established directly with the respective federal agencies. 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.
Title: Indirect Cost 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 Society has not elected to use the 10 percent de minimis indirect cost rates as allowed under the Uniform Guidance, but rather the rates established directly with the respective federal agencies. The Society has not elected to use the 10 percent de minimis indirect cost rates as allowed under the Uniform Guidance, but rather the rates established directly with the respective federal agencies.

Finding Details

Finding 2020-003
During our audit we noted that there were instances where billing for expenses associated with federal grants was not carried out in a timely manner. This delay was evidenced by the time laps between the completion of services and the request for reimbursement to agencies.
Finding 2020-004
The Society did not provide sufficient documentation to verify and support some stipend expenses for participants during the audit period. Additionally, inadequate internal controls and policies resulted in the failure to retain supporting documentation for participant eligibility.
Finding 2020-003
During our audit we noted that there were instances where billing for expenses associated with federal grants was not carried out in a timely manner. This delay was evidenced by the time laps between the completion of services and the request for reimbursement to agencies.
Finding 2020-004
The Society did not provide sufficient documentation to verify and support some stipend expenses for participants during the audit period. Additionally, inadequate internal controls and policies resulted in the failure to retain supporting documentation for participant eligibility.
Finding 2020-003
During our audit we noted that there were instances where billing for expenses associated with federal grants was not carried out in a timely manner. This delay was evidenced by the time laps between the completion of services and the request for reimbursement to agencies.
Finding 2020-004
The Society did not provide sufficient documentation to verify and support some stipend expenses for participants during the audit period. Additionally, inadequate internal controls and policies resulted in the failure to retain supporting documentation for participant eligibility.
Finding 2020-003
During our audit we noted that there were instances where billing for expenses associated with federal grants was not carried out in a timely manner. This delay was evidenced by the time laps between the completion of services and the request for reimbursement to agencies.
Finding 2020-004
The Society did not provide sufficient documentation to verify and support some stipend expenses for participants during the audit period. Additionally, inadequate internal controls and policies resulted in the failure to retain supporting documentation for participant eligibility.