FAC Explorer

Audit 54409

FY End
2022-07-31
Total Expended
$1.39M
Findings
4
Programs
1
Organization: Iowa Oncology Research Association (IA)
Year: 2022 Accepted: 2023-02-19
Auditor: Pittman & Company LLP

Organization Exclusion Status:

Findings

ID Ref Severity Repeat Requirement
58456 2022-001 Significant Deficiency Yes P
58457 2022-002 Significant Deficiency Yes P
634898 2022-001 Significant Deficiency Yes P
634899 2022-002 Significant Deficiency Yes P

Programs

ALN Program Spent Major Findings
93.399 Cancer Control $1.39M Yes 2

Contacts

Name Title Type
H8L1ZGQ62AP9 Shannon Benson Auditee
5152413303 John Pittman Auditor
No contacts on file

Notes to SEFA

Accounting Policies: The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of the Organization under programs of the federal government at year-end. The information in the 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 the Organization, it is not intended to and does not present the financial position, changes in net assets, or cash flows of the Organization. Expenditures reported in the Schedule are reported on the accrual basis 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. The organization has not elected to use the 10% de minimis indirect cost rate. De Minimis Rate Used: N Rate Explanation: The auditee did not use the de minimis cost rate.

Finding Details

Finding 2022-001
Finding: Lack of segregation of duties. Condition: Due to the small size of the Organization, there is not sufficient staff to segregate accounting duties.
Finding 2022-002
Finding: Auditor prepares the financial statements and the Schedule of the Expenditures of Federal Awards. Condition: Management does not have suitable skills, knowledge, and experience to prepare GAAP basis financial statements and the Schedule of Expenditures of Federal Awards.
Finding 2022-001
Finding: Lack of segregation of duties. Condition: Due to the small size of the Organization, there is not sufficient staff to segregate accounting duties.
Finding 2022-002
Finding: Auditor prepares the financial statements and the Schedule of the Expenditures of Federal Awards. Condition: Management does not have suitable skills, knowledge, and experience to prepare GAAP basis financial statements and the Schedule of Expenditures of Federal Awards.