FAC Explorer

Audit 33937

FY End
2022-06-30
Total Expended
$1.74M
Findings
2
Programs
1
Organization: Success for All Foundation, INC (MD)
Year: 2022 Accepted: 2023-02-19
Auditor: Sc&h Attest Services PC

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
34372 2022-001 Significant Deficiency - P
610814 2022-001 Significant Deficiency - P

Programs

ALN Program Spent Major Findings
84.305 Education Research, Development and Dissemination $1.74M Yes 1

Contacts

Name Title Type
C6EEJDM4V7N5 Nina Link Auditee
4106162403 Erin Charles 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
Finding 2022-001 Condition: Employees have access to prepare and post journal entries in the general ledger system. Criteria: Internal controls should be in place that provide reasonable assurance that proper segregation of duties are implemented to prevent and detect misstatements. Cause: There are no procedures in place that require an employee who is independent of preparing and posting journal entries to review and approve the journal entries. Effect: Because of the lack of segregation of duties, there is an increased risk that intentional or unintentional errors could be made and not be detected in a timely manner. Recommendation: Procedures should be implemented that requires an employee who is independent of preparing and posting journal entries to review and approve all journal entries.
Finding 2022-001
Finding 2022-001 Condition: Employees have access to prepare and post journal entries in the general ledger system. Criteria: Internal controls should be in place that provide reasonable assurance that proper segregation of duties are implemented to prevent and detect misstatements. Cause: There are no procedures in place that require an employee who is independent of preparing and posting journal entries to review and approve the journal entries. Effect: Because of the lack of segregation of duties, there is an increased risk that intentional or unintentional errors could be made and not be detected in a timely manner. Recommendation: Procedures should be implemented that requires an employee who is independent of preparing and posting journal entries to review and approve all journal entries.