Audit 56672

FY End
2022-04-30
Total Expended
$1.24M
Findings
8
Programs
9
Year: 2022 Accepted: 2022-10-19
Auditor: Wipfli LLP

Organization Exclusion Status:

Checking exclusion status...

Findings

ID Ref Severity Repeat Requirement
59337 2022-001 Significant Deficiency - P
59338 2022-001 Significant Deficiency - P
59339 2022-001 Significant Deficiency - P
59340 2022-001 Significant Deficiency - P
635779 2022-001 Significant Deficiency - P
635780 2022-001 Significant Deficiency - P
635781 2022-001 Significant Deficiency - P
635782 2022-001 Significant Deficiency - P

Contacts

Name Title Type
TBZGU3FJLHC3 Laurel Will Auditee
6034914649 Sheila McNeil Auditor
No contacts on file

Notes to SEFA

Accounting Policies: The accompanying Schedule of Federal Awards presents the federal grant expenditures of Northern Forest Center and Sustainable Forest Futures. The information in this schedule is presented in accordance with the compliance requirements of the Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Therefore, some amounts presented in this schedule may differ from amounts presented in or used in the preparation of the basic financial statements. Expenditures are reported on the accrual basis of accounting. Such expenditures are recognized following the cost principles contained in the Uniform Guidance, Cost Principles for Non-profit Organizations, wherein certain types of expenditures are not allowable or are limited as to reimbursement. Pass-through entity identifying numbers are presented where available. De Minimis Rate Used: Y Rate Explanation: The auditee used the de minimis cost rate.

Finding Details

Financial Statement Finding 2022-001 Criteria: Management is responsible for establishing and maintaining internal controls and for the fair presentation of the financial statements including the related disclosures, in conformity with accounting principles generally accepted in the United States. Condition: The Center's internal control over financial reporting does not end at the general ledger but extends to the financial statements and notes. As part of our professional services for the year ended April 30, 2022, Wipfli LLP assisted in drafting the financial statements and notes. It is the responsibility of management and those charged with governance to make the decision whether to accept the degree of risk associated with this condition because of cost or other considerations. Because the Center relies on Wipfli LLP to provide the necessary understanding of current accounting and disclosure principles in the preparation of the financial statements and notes, a significant deficiency exists in the Center's internal controls. Cause: The Center relies on the audit firm to prepare the annual financial statements and related footnote disclosures. However, they have reviewed and approved the annual financial statements and the related footnote disclosures. Effects or Potential Effects: The completeness of the financial statement disclosures and the accuracy of the overall financial presentation is negatively impacted as external auditors do not have the same comprehensive understanding of the Center as its internal staff. Auditor?s Recommendation: Management should continue to review and approve the annual financial statements and the related footnote disclosures. View of responsible officials and planned corrective actions: The Center does not have the resources and staff to prepare the financial statements and disclosures but will continue to oversee the auditor?s services and review and approve the financial statements and footnotes.
Financial Statement Finding 2022-001 Criteria: Management is responsible for establishing and maintaining internal controls and for the fair presentation of the financial statements including the related disclosures, in conformity with accounting principles generally accepted in the United States. Condition: The Center's internal control over financial reporting does not end at the general ledger but extends to the financial statements and notes. As part of our professional services for the year ended April 30, 2022, Wipfli LLP assisted in drafting the financial statements and notes. It is the responsibility of management and those charged with governance to make the decision whether to accept the degree of risk associated with this condition because of cost or other considerations. Because the Center relies on Wipfli LLP to provide the necessary understanding of current accounting and disclosure principles in the preparation of the financial statements and notes, a significant deficiency exists in the Center's internal controls. Cause: The Center relies on the audit firm to prepare the annual financial statements and related footnote disclosures. However, they have reviewed and approved the annual financial statements and the related footnote disclosures. Effects or Potential Effects: The completeness of the financial statement disclosures and the accuracy of the overall financial presentation is negatively impacted as external auditors do not have the same comprehensive understanding of the Center as its internal staff. Auditor?s Recommendation: Management should continue to review and approve the annual financial statements and the related footnote disclosures. View of responsible officials and planned corrective actions: The Center does not have the resources and staff to prepare the financial statements and disclosures but will continue to oversee the auditor?s services and review and approve the financial statements and footnotes.
Financial Statement Finding 2022-001 Criteria: Management is responsible for establishing and maintaining internal controls and for the fair presentation of the financial statements including the related disclosures, in conformity with accounting principles generally accepted in the United States. Condition: The Center's internal control over financial reporting does not end at the general ledger but extends to the financial statements and notes. As part of our professional services for the year ended April 30, 2022, Wipfli LLP assisted in drafting the financial statements and notes. It is the responsibility of management and those charged with governance to make the decision whether to accept the degree of risk associated with this condition because of cost or other considerations. Because the Center relies on Wipfli LLP to provide the necessary understanding of current accounting and disclosure principles in the preparation of the financial statements and notes, a significant deficiency exists in the Center's internal controls. Cause: The Center relies on the audit firm to prepare the annual financial statements and related footnote disclosures. However, they have reviewed and approved the annual financial statements and the related footnote disclosures. Effects or Potential Effects: The completeness of the financial statement disclosures and the accuracy of the overall financial presentation is negatively impacted as external auditors do not have the same comprehensive understanding of the Center as its internal staff. Auditor?s Recommendation: Management should continue to review and approve the annual financial statements and the related footnote disclosures. View of responsible officials and planned corrective actions: The Center does not have the resources and staff to prepare the financial statements and disclosures but will continue to oversee the auditor?s services and review and approve the financial statements and footnotes.
Financial Statement Finding 2022-001 Criteria: Management is responsible for establishing and maintaining internal controls and for the fair presentation of the financial statements including the related disclosures, in conformity with accounting principles generally accepted in the United States. Condition: The Center's internal control over financial reporting does not end at the general ledger but extends to the financial statements and notes. As part of our professional services for the year ended April 30, 2022, Wipfli LLP assisted in drafting the financial statements and notes. It is the responsibility of management and those charged with governance to make the decision whether to accept the degree of risk associated with this condition because of cost or other considerations. Because the Center relies on Wipfli LLP to provide the necessary understanding of current accounting and disclosure principles in the preparation of the financial statements and notes, a significant deficiency exists in the Center's internal controls. Cause: The Center relies on the audit firm to prepare the annual financial statements and related footnote disclosures. However, they have reviewed and approved the annual financial statements and the related footnote disclosures. Effects or Potential Effects: The completeness of the financial statement disclosures and the accuracy of the overall financial presentation is negatively impacted as external auditors do not have the same comprehensive understanding of the Center as its internal staff. Auditor?s Recommendation: Management should continue to review and approve the annual financial statements and the related footnote disclosures. View of responsible officials and planned corrective actions: The Center does not have the resources and staff to prepare the financial statements and disclosures but will continue to oversee the auditor?s services and review and approve the financial statements and footnotes.
Financial Statement Finding 2022-001 Criteria: Management is responsible for establishing and maintaining internal controls and for the fair presentation of the financial statements including the related disclosures, in conformity with accounting principles generally accepted in the United States. Condition: The Center's internal control over financial reporting does not end at the general ledger but extends to the financial statements and notes. As part of our professional services for the year ended April 30, 2022, Wipfli LLP assisted in drafting the financial statements and notes. It is the responsibility of management and those charged with governance to make the decision whether to accept the degree of risk associated with this condition because of cost or other considerations. Because the Center relies on Wipfli LLP to provide the necessary understanding of current accounting and disclosure principles in the preparation of the financial statements and notes, a significant deficiency exists in the Center's internal controls. Cause: The Center relies on the audit firm to prepare the annual financial statements and related footnote disclosures. However, they have reviewed and approved the annual financial statements and the related footnote disclosures. Effects or Potential Effects: The completeness of the financial statement disclosures and the accuracy of the overall financial presentation is negatively impacted as external auditors do not have the same comprehensive understanding of the Center as its internal staff. Auditor?s Recommendation: Management should continue to review and approve the annual financial statements and the related footnote disclosures. View of responsible officials and planned corrective actions: The Center does not have the resources and staff to prepare the financial statements and disclosures but will continue to oversee the auditor?s services and review and approve the financial statements and footnotes.
Financial Statement Finding 2022-001 Criteria: Management is responsible for establishing and maintaining internal controls and for the fair presentation of the financial statements including the related disclosures, in conformity with accounting principles generally accepted in the United States. Condition: The Center's internal control over financial reporting does not end at the general ledger but extends to the financial statements and notes. As part of our professional services for the year ended April 30, 2022, Wipfli LLP assisted in drafting the financial statements and notes. It is the responsibility of management and those charged with governance to make the decision whether to accept the degree of risk associated with this condition because of cost or other considerations. Because the Center relies on Wipfli LLP to provide the necessary understanding of current accounting and disclosure principles in the preparation of the financial statements and notes, a significant deficiency exists in the Center's internal controls. Cause: The Center relies on the audit firm to prepare the annual financial statements and related footnote disclosures. However, they have reviewed and approved the annual financial statements and the related footnote disclosures. Effects or Potential Effects: The completeness of the financial statement disclosures and the accuracy of the overall financial presentation is negatively impacted as external auditors do not have the same comprehensive understanding of the Center as its internal staff. Auditor?s Recommendation: Management should continue to review and approve the annual financial statements and the related footnote disclosures. View of responsible officials and planned corrective actions: The Center does not have the resources and staff to prepare the financial statements and disclosures but will continue to oversee the auditor?s services and review and approve the financial statements and footnotes.
Financial Statement Finding 2022-001 Criteria: Management is responsible for establishing and maintaining internal controls and for the fair presentation of the financial statements including the related disclosures, in conformity with accounting principles generally accepted in the United States. Condition: The Center's internal control over financial reporting does not end at the general ledger but extends to the financial statements and notes. As part of our professional services for the year ended April 30, 2022, Wipfli LLP assisted in drafting the financial statements and notes. It is the responsibility of management and those charged with governance to make the decision whether to accept the degree of risk associated with this condition because of cost or other considerations. Because the Center relies on Wipfli LLP to provide the necessary understanding of current accounting and disclosure principles in the preparation of the financial statements and notes, a significant deficiency exists in the Center's internal controls. Cause: The Center relies on the audit firm to prepare the annual financial statements and related footnote disclosures. However, they have reviewed and approved the annual financial statements and the related footnote disclosures. Effects or Potential Effects: The completeness of the financial statement disclosures and the accuracy of the overall financial presentation is negatively impacted as external auditors do not have the same comprehensive understanding of the Center as its internal staff. Auditor?s Recommendation: Management should continue to review and approve the annual financial statements and the related footnote disclosures. View of responsible officials and planned corrective actions: The Center does not have the resources and staff to prepare the financial statements and disclosures but will continue to oversee the auditor?s services and review and approve the financial statements and footnotes.
Financial Statement Finding 2022-001 Criteria: Management is responsible for establishing and maintaining internal controls and for the fair presentation of the financial statements including the related disclosures, in conformity with accounting principles generally accepted in the United States. Condition: The Center's internal control over financial reporting does not end at the general ledger but extends to the financial statements and notes. As part of our professional services for the year ended April 30, 2022, Wipfli LLP assisted in drafting the financial statements and notes. It is the responsibility of management and those charged with governance to make the decision whether to accept the degree of risk associated with this condition because of cost or other considerations. Because the Center relies on Wipfli LLP to provide the necessary understanding of current accounting and disclosure principles in the preparation of the financial statements and notes, a significant deficiency exists in the Center's internal controls. Cause: The Center relies on the audit firm to prepare the annual financial statements and related footnote disclosures. However, they have reviewed and approved the annual financial statements and the related footnote disclosures. Effects or Potential Effects: The completeness of the financial statement disclosures and the accuracy of the overall financial presentation is negatively impacted as external auditors do not have the same comprehensive understanding of the Center as its internal staff. Auditor?s Recommendation: Management should continue to review and approve the annual financial statements and the related footnote disclosures. View of responsible officials and planned corrective actions: The Center does not have the resources and staff to prepare the financial statements and disclosures but will continue to oversee the auditor?s services and review and approve the financial statements and footnotes.