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Corrective Action Plans

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Finding 1240209 (2024-004)
Material Weakness 2024
Ekentucky Advanced Manufacturing Institute INC
KY
Subrecipient Monitoring Reporting Significant Deficiency § 200.208 § 200.339 § 200.501 § 200.512 § 200.520
The Institute has engaged an auditor to complete the December 31, 2022, 2023, 2024, and 2025 Single Audits concurrently, and will submit each reporting package and data collection form to the Federal Audit Clearinghouse as each audit is completed. Thereafter, the Institute will complete the audit an...
The Institute has engaged an auditor to complete the December 31, 2022, 2023, 2024, and 2025 Single Audits concurrently, and will submit each reporting package and data collection form to the Federal Audit Clearinghouse as each audit is completed. Thereafter, the Institute will complete the audit and submit the reporting package within nine months after year end. Anticipated completion date: December 31, 2026. Responsible contact person: Kathy Walker, Executive Director.
View Audit 414799
Finding 1240055 (2024-010)
Material Weakness 2024
COUNTY OF MCCURTAIN
OK
Procurement, Suspension & Debarment Allowable Costs / Cost Principles Internal Control / Segregation of Duties § 200.303
The current Board of County Commissioners acknowledges the finding. The Board is committed to strengthening written procedures related io federal grant administration, including allowable costs, procurement requirements, reporting, and compliance monitoring. Additional review processes will continue...
The current Board of County Commissioners acknowledges the finding. The Board is committed to strengthening written procedures related io federal grant administration, including allowable costs, procurement requirements, reporting, and compliance monitoring. Additional review processes will continue to be implemented to improve oversight and documentation.
View Audit 414665
Finding 1240054 (2024-009)
Material Weakness 2024
COUNTY OF MCCURTAIN
OK
Allowable Costs / Cost Principles Internal Control / Segregation of Duties Subrecipient Monitoring § 200.303
The current Board of County Commissioners acknowledges the finding. The Board will continue strengthening grant administration procedures and compliance monitoring related to federal programs. Additional review procedures Will be utilized to ensure federal expenditures and reporting requirements are...
The current Board of County Commissioners acknowledges the finding. The Board will continue strengthening grant administration procedures and compliance monitoring related to federal programs. Additional review procedures Will be utilized to ensure federal expenditures and reporting requirements are adequately documented and reviewed.
View Audit 414665
Finding 1240053 (2024-008)
Material Weakness 2024
COUNTY OF MCCURTAIN
OK
Procurement, Suspension & Debarment Internal Control / Segregation of Duties Subrecipient Monitoring
The current Board of County Commissioners acknowledges the finding. While portions of this finding relate to prior fiscal years, the current Board is committed to strengthening county-wide internal controls over federal programs. The Board has reviewed the audit recommendations and will continue imp...
The current Board of County Commissioners acknowledges the finding. While portions of this finding relate to prior fiscal years, the current Board is committed to strengthening county-wide internal controls over federal programs. The Board has reviewed the audit recommendations and will continue implementing procedures addressing risk assessment, communication, monitoring, and compliance oversight for federal grants.
View Audit 414665
Finding 1240052 (2024-007)
Material Weakness 2024
COUNTY OF MCCURTAIN
OK
Internal Control / Segregation of Duties Subrecipient Monitoring Allowable Costs / Cost Principles
The current Board of County Commissioners acknowledges the finding, and I will continue efforts to establish and document county-wide internal controls for federal grant programs, including LATCF.
The current Board of County Commissioners acknowledges the finding, and I will continue efforts to establish and document county-wide internal controls for federal grant programs, including LATCF.
View Audit 414665
Finding 1239909 (2024-001)
Material Weakness 2024
GAP INC. COMMUNITY CHILD DEVELOPMENT CENTER
DC
Reporting Internal Control / Segregation of Duties Significant Deficiency § 200.501
D. Corrective Action Plans Finding Reference: 2024-001 Views of Responsible Officials and Planned Corrective Actions The organization agrees with this finding. The organization experienced turnover in its finance department in the third quarter of the 2024 fiscal year. The turnover in fiscal staff m...
D. Corrective Action Plans Finding Reference: 2024-001 Views of Responsible Officials and Planned Corrective Actions The organization agrees with this finding. The organization experienced turnover in its finance department in the third quarter of the 2024 fiscal year. The turnover in fiscal staff made it challenging to close out the 2024 fiscal year from a financial standpoint. As a corrective measure, the agency hired a new accounting firm at the end of the 4th quarter of the 2024 fiscal year. The new accounting firm was able to reconcile all bank statements for the 2024 fiscal year, fully automate the organization’s accounting system and create reliable financial statements and reports. The organization’s leadership in conjunction with the new accounting firm also instituted a process for reconciling income and expenses on a monthly basis and reviewing all financial data on a quarterly basis including the preparation and review of the organization’s profit and loss statements and balance sheets. Name of the contact person responsible for corrective action: Travis Hardmon, President, (202) 462- 3636 Corrective action completed as of: October 31, 2025. Auditor’s Note: The stated completion date for the corrective action plan is based on the Agency's representation. The implementation of these corrective actions has not been audited by the auditors and will be subject to review during the next audit period.
View Audit 414584
Finding 1239908 (2024-003)
Material Weakness 2024
Child Development, Inc.
PA
Reporting Internal Control / Segregation of Duties
Finding 2024-003 Reporting Head Start Cluster AL# 93.600 The Organization should implement procedures to ensure all filed reports are reconciled to the Organization’s general ledger. Responsible Official: Macey Brinich Anticipated Resolution Date: Immediately
Finding 2024-003 Reporting Head Start Cluster AL# 93.600 The Organization should implement procedures to ensure all filed reports are reconciled to the Organization’s general ledger. Responsible Official: Macey Brinich Anticipated Resolution Date: Immediately
View Audit 414557
Finding 1239901 (2024-001)
Material Weakness 2024
County of Shelby, Illinois
IL
Internal Control / Segregation of Duties Subrecipient Monitoring Reporting
SECTION 5 - CORRECTIVE ACTION PLAN Finding 2024 - 001: Grant Administration Condition: During our current year-end audit procedures, we noted that the County did not have adequate centralized procedures to track, monitor, and aggregate grant activity across grant departments to ensure compliance wit...
SECTION 5 - CORRECTIVE ACTION PLAN Finding 2024 - 001: Grant Administration Condition: During our current year-end audit procedures, we noted that the County did not have adequate centralized procedures to track, monitor, and aggregate grant activity across grant departments to ensure compliance with grant requirements and to identify when the Single Audit threshold was met. Plan: The County will designate a central function, such as the Treasurer's Office, to maintain a comprehensive list of all grants awards received by County Departments. Departments will be required to notify the central function upon application for and receipt of grant funding and to provide periodic expenditure and compliance information. Standardized procedures will be implemented to monitor grant activity, track cumulative federal expenditures, and assess Single Audit applicability. Anticipated Date of Completion: Fiscal Year 2025 Name of Contact Person: Tad A. Mayhall, County Board Chairman Management Response: The county is working on establishing policies in response to the findings in the FY23 and FY24 audits. As a part of the corrective action plan for tracking grant revenues and expenses, we have been working in committee and with guidance from the incoming treasurer to establish the county treasures office as the central point of contact for all grant recording, to include application, receipt, and expense tracking for all grants in Shelby County.
View Audit 414535
Finding 1239871 (2024-004)
Material Weakness 2024
Boys and Girls Club of the Muskegon Lakeshore
MI
Procurement, Suspension & Debarment Eligibility Internal Control / Segregation of Duties
Finding: 2024-004 - Inadequate Controls Over Federal Procurement and Suspension and Debarment Finding Type: Material weakness in internal control over compliance. Repeat Finding: Yes; prior-year finding 2023-003. Federal Award: ALN 21.027 - Coronavirus State and Local Fiscal Recovery Funds (SLFRF). ...
Finding: 2024-004 - Inadequate Controls Over Federal Procurement and Suspension and Debarment Finding Type: Material weakness in internal control over compliance. Repeat Finding: Yes; prior-year finding 2023-003. Federal Award: ALN 21.027 - Coronavirus State and Local Fiscal Recovery Funds (SLFRF). Auditor Description of Condition and Effect: During the audit, we noted that the Organization had not established and implemented sufficient controls over procurements charged to the federal program. The Organization could not provide sufficient documentation demonstrating that: • The rationale for the procurement method and contractor selection was documented; • Potential conflicts of interest were evaluated; • Applicable contractors were verified as not suspended, debarred, or otherwise excluded; • Required federal provisions were included in applicable contracts; and • Contractor performance and compliance with contract terms were appropriately monitored. The absence of appropriately designed and implemented controls creates a reasonable possibility that material noncompliance with federal procurement or suspension and debarment requirements could occur and not be prevented, or detected and corrected, on a timely basis. This could result in unsupported procurement decisions, transactions with excluded or otherwise ineligible contractors, contracts that omit required federal provisions, or inadequate oversight of contractor performance. Auditor Recommendation: Management should adopt written federal procurement procedures and implement a standardized review process for procurements charged to federal awards. The process should address and document the procurement method and contractor selection, potential conflicts of interest, contractor eligibility, required federal contract provisions, and oversight of contractor performance. Documentation should be retained with each procurement file and be subject to appropriate management review and approval. Management Response and Corrective Action Planned: The Organization agrees with the finding. Management will adopt written federal procurement procedures and use a standardized checklist for each procurement charged to a federal award. The checklist will document the procurement method, contractor selection and price basis, evaluation of potential conflicts of interest, contractor eligibility verification, applicable federal contract provisions, and contractor oversight. A designated management reviewer will approve the completed procurement file, and the supporting records will be retained in accordance with the applicable award requirements.
View Audit 414520
Finding 1239803 (2024-004)
Material Weakness 2024
Floyd County
IN
Internal Control / Segregation of Duties Subrecipient Monitoring § 200.1 § 200.303
FINDING 2024-004 Subject: COVID-19 - Coronavirus State and Local Fiscal Recovery Funds Contact Person: Nick Creevy, Director of Operations and Planning – Stan Heil – Chief Financial Officer -FCC Contact Phone Number: (812) 948.4110 (812) 542-0506 Views of Responsible Official: We concur with the fin...
FINDING 2024-004 Subject: COVID-19 - Coronavirus State and Local Fiscal Recovery Funds Contact Person: Nick Creevy, Director of Operations and Planning – Stan Heil – Chief Financial Officer -FCC Contact Phone Number: (812) 948.4110 (812) 542-0506 Views of Responsible Official: We concur with the finding. Description of Corrective Action Plan: Prior to submission, quarterly reports will be printed and reviewed by secondary staff in Office to review submission correctness. This Corrective Action Plan will be coordinated with the Nick Creevy, Director of Operations and Planning and Stan Heil, recently selected Chief Financial Officer for the Floyd County Commissioners. The new CAP will include review by both parties, and submitted timely. The P&E Reports will be verified to the County’s financial records prior to submission. The County Commissioners have also retained the former Director of Operations to guide both Nick Creevy and Stan Heil in the submission of these reports. The final submission of the Quarterly reports will be verified not only to the County’s financial records, but also to ensure the adherence to the above requirements for reporting. Anticipated Completion Date: This method will be instituted at the July 2025 quarterly (QTR II/2025)report submission time frame. The updated values for prior reporting will be updated in the September 2025 Quarterly submission.
View Audit 414496
Finding 1239794 (2024-002)
Material Weakness 2024
Line Mountain School District
PA
Subrecipient Monitoring Cash Management Reporting § 200.302 § 200.303
The District Office will work directly with the Federal Programs Coordinator to ensure more timely submissions of Reconciliation of Cash on Hand Quarterly Reports and Final Expenditure Reports are prepared accurately and submitted timely in accordance with grant requirements. The Business Manager wi...
The District Office will work directly with the Federal Programs Coordinator to ensure more timely submissions of Reconciliation of Cash on Hand Quarterly Reports and Final Expenditure Reports are prepared accurately and submitted timely in accordance with grant requirements. The Business Manager will do this by creating reminders on the Business Manager’s calendar that include due dates each quarter and reminding the Federal Programs Coordinator when their respective reports are due. The District will implement and form a review and monitoring process and provide any necessary training to staff responsible for grant reporting to ensure ongoing compliance.
View Audit 414483
Finding 1239719 (2024-002)
Material Weakness 2024
THE NATIONAL RHCA TRAINING AND SAFETY FOUNDATION
TX
Subrecipient Monitoring Allowable Costs / Cost Principles Material Weakness
Finding 2024‐002 ‐ Allowable Costs and Activities Payroll Documentation Management response. Management acknowledges the need for the grant file to clearly demonstrate the basis for payroll allocations and the final amount charged to and paid from the federal award. The corrective action focuses on ...
Finding 2024‐002 ‐ Allowable Costs and Activities Payroll Documentation Management response. Management acknowledges the need for the grant file to clearly demonstrate the basis for payroll allocations and the final amount charged to and paid from the federal award. The corrective action focuses on the completeness and traceability of payroll and time‐and‐effort support; it is not an admission that the underlying services were not performed or that the costs were otherwise unallowable. Corrective action already implemented / being implemented. The Foundation is implementing the federal grant tracking, payroll allocation, time‐and‐effort support, and grant reimbursement documentation procedures contained in the Foundation Financial & Procurement Manual. The control framework includes: Maintaining grant‐specific accounting records that identify payroll costs, related fringe benefits, and other amounts charged to each federal award. Retaining payroll registers, time‐and‐effort or other personnel activity records, allocation calculations, and evidence of the work performed for the applicable period. Preparing a reconciliation that traces the approved allocation methodology from payroll records to the general ledger, the grant reimbursement request, and the amount ultimately charged to the award. Requiring documented management review of the allocation and reimbursement support before submission or posting, with corrections retained as part of the grant file. Retaining payroll and grant reimbursement support in accordance with applicable federal and organizational record‐retention requirements.
View Audit 414431
Finding 1239718 (2024-001)
Material Weakness 2024
THE NATIONAL RHCA TRAINING AND SAFETY FOUNDATION
TX
Reporting Significant Deficiency Internal Control / Segregation of Duties
Finding 2024‐001 ‐ Reporting Management response. Management acknowledges the importance of completing the Single Audit reporting package and Data Collection Form within the applicable filing period. The Foundation is committed to a documented, monitored process that supports timely completion and s...
Finding 2024‐001 ‐ Reporting Management response. Management acknowledges the importance of completing the Single Audit reporting package and Data Collection Form within the applicable filing period. The Foundation is committed to a documented, monitored process that supports timely completion and submission. The draft finding identifies no questioned costs. Corrective action already implemented / being implemented. The Foundation is implementing the audit and corrective‐action procedures established in the Foundation Financial & Procurement Manual. These procedures include: Maintaining an annual compliance calendar with the audit engagement, document‐request, report‐completion, Data Collection Form, and Federal Audit Clearinghouse deadlines. Assigning responsibility for monitoring milestones and escalating approaching or missed deadlines to the appropriate management and governance officials. Retaining the final audit package, CAP, Data Collection Form, Federal Audit Clearinghouse submission confirmation, and related correspondence in the audit file. Reviewing the status of the audit and any corrective actions through the Foundation's established oversight process.
View Audit 414431
Finding 1239704 (2024-004)
Material Weakness 2024
Council for the Advancement of Social Services and Education D/b/a Cas
LA
Procurement, Suspension & Debarment Internal Control / Segregation of Duties
Corrective Measures CASSE has already committed to implementing corrective measures, including: • enhanced related-party transaction review procedures; • annual conflict-of-interest disclosures; • formal Board approval protocols; • legal counsel compliance training for management, key personnel and ...
Corrective Measures CASSE has already committed to implementing corrective measures, including: • enhanced related-party transaction review procedures; • annual conflict-of-interest disclosures; • formal Board approval protocols; • legal counsel compliance training for management, key personnel and the Board; and • implementation of strengthened internal controls concerning procurement and federal grant compliance. CASSE will renew its current compliance plan with its legal counsel with a particular focus on ensuring compliance with the Organization's conflict of interest policy and an applicable federal grant related requirement. CASSE remains committed to full compliance with 2 CFR Part 200 and to maintaining transparency and accountability in connection with all federal awards.
View Audit 414400
Finding 1239638 (2024-005)
Material Weakness 2024
Arizona Immigrant and Refugee Services, INC
AZ
Procurement, Suspension & Debarment Material Weakness Matching / Level of Effort / Earmarking § 200.318 § 200.327
AIRS management has started the process of creating new and updated policies and procedures related to financial reporting activities, including written procurement standards, written standards of conflict of interest, and others as required under Uniform Guidance.
AIRS management has started the process of creating new and updated policies and procedures related to financial reporting activities, including written procurement standards, written standards of conflict of interest, and others as required under Uniform Guidance.
View Audit 414293
Finding 1239637 (2024-004)
Material Weakness 2024
Arizona Immigrant and Refugee Services, INC
AZ
Material Weakness Reporting Internal Control / Segregation of Duties
AIRS will ensure completion, in an efficient and timely manner, of the submission of the audit within the required 9 months after fiscal year end as required by the Uniform Guidance, and will work with the audit firm to develop a schedule to ensure that future audits and single audits are completed ...
AIRS will ensure completion, in an efficient and timely manner, of the submission of the audit within the required 9 months after fiscal year end as required by the Uniform Guidance, and will work with the audit firm to develop a schedule to ensure that future audits and single audits are completed timely, and that the data collection reporting package is submitted to the Federal Audit Clearinghouse by the due date for the year ended September 30, 2025, and future years.
View Audit 414293
Finding 1239531 (2024-002)
Material Weakness 2024
Acadia Housing, Inc. Dba Riverside Village
CT
Reporting Internal Control / Segregation of Duties
The Board does meet as required, is readily available for consultation and guidance whenever such matters arise and is active in its oversight of the Project.
The Board does meet as required, is readily available for consultation and guidance whenever such matters arise and is active in its oversight of the Project.
View Audit 414265
Finding 1239235 (2024-004)
Material Weakness 2024
North Central Area Agency on Aging, Inc.
CT
Material Weakness Reporting Internal Control / Segregation of Duties
NCAAA has hired a full-time Finance Director coupled with a Consultant who is an expert in the Accounting system being utilized to ensure the system is being for its full intent. Inclusive of financial activities. As previously mentioned, procedures will be implemented to formalized monthly account ...
NCAAA has hired a full-time Finance Director coupled with a Consultant who is an expert in the Accounting system being utilized to ensure the system is being for its full intent. Inclusive of financial activities. As previously mentioned, procedures will be implemented to formalized monthly account reconciliations and year end closed to ensure transactions are properly recorded in the appreciate account and correct period.
View Audit 414100
Finding 1239229 (2024-002)
Material Weakness 2024
North Central Area Agency on Aging, Inc.
CT
Material Weakness Reporting Internal Control / Segregation of Duties
As previously stated, NCAAA has hired another Finance Director coupled with a Consultant an expert in the Accounting system being utilized to ensure full use. In addition, procedures will be implemented to formalized monthly account reconciliations and year end closed to ensure transactions are prop...
As previously stated, NCAAA has hired another Finance Director coupled with a Consultant an expert in the Accounting system being utilized to ensure full use. In addition, procedures will be implemented to formalized monthly account reconciliations and year end closed to ensure transactions are properly recorded in the appreciate account and correct period.
View Audit 414100
Finding 1239226 (2024-001)
Material Weakness 2024
North Central Area Agency on Aging, Inc.
CT
Material Weakness Reporting Internal Control / Segregation of Duties
NCAAA has hired a full-time Finance Director coupled with a Consultant who is an expert in the Accounting system being utilized to ensure the system is being for its full intent. Inclusive of financial activities. As previously mentioned, procedures will be implemented to formalized monthly account ...
NCAAA has hired a full-time Finance Director coupled with a Consultant who is an expert in the Accounting system being utilized to ensure the system is being for its full intent. Inclusive of financial activities. As previously mentioned, procedures will be implemented to formalized monthly account reconciliations and year end closed to ensure transactions are properly recorded in the appreciate account and correct period.
View Audit 414100
Finding 1239204 (2024-002)
Material Weakness 2024
WEBSTER COUNTY HEALTH UNIT
MO
Internal Control / Segregation of Duties Subrecipient Monitoring Reporting
Create audit submission checklist and procedure to ensure timely submission. This will be completed.
Create audit submission checklist and procedure to ensure timely submission. This will be completed.
View Audit 414078
Finding 1238992 (2024-002)
Material Weakness 2024
Acadia Housing, Inc. Dba Riverside Village
CT
Reporting Internal Control / Segregation of Duties
The Board does meet as required, is readily available for consultation and guidance whenever such matters arise and is active in its oversight of the Project.
The Board does meet as required, is readily available for consultation and guidance whenever such matters arise and is active in its oversight of the Project.
View Audit 413861
Finding 1238951 (2024-001)
Material Weakness 2024
Workforce Alliance of the North Bay
CA
Reporting Significant Deficiency Internal Control / Segregation of Duties
Management concurs with this finding and acknowledges that this is a repeat finding from the prior year (2022‐001 and 2023‐001). The Alliance takes this matter seriously and has made significant enhancements to the corrective action plan from 2022‐001. To fully remediate this deficiency and ensure t...
Management concurs with this finding and acknowledges that this is a repeat finding from the prior year (2022‐001 and 2023‐001). The Alliance takes this matter seriously and has made significant enhancements to the corrective action plan from 2022‐001. To fully remediate this deficiency and ensure timely compliance with the reporting requirements of 2 CFR 200.512, the Alliance has implemented the following corrective actions: 1. Concurrent Single Audits for FY 2023 ‐ 2024 and FY 2024 ‐ 2025. The Alliance has conducted concurrent audits on the currently late years to bring filing status to the current year. 2. Formal Fiscal Policy Adopted. The Alliance will adopt a formal fiscal policy governing the Single Audit process, which establishes a detailed project timeline with clearly defined milestones, responsible parties, and internal deadlines for each phase of the audit cycle — including year‐end close, preparation of financial statements, auditor fieldwork, draft review, and submission of the SF‐SAC Data Collection Form to the Federal Audit Clearinghouse (FAC). 3. Reverse‐Engineered Timeline. The project timeline is structured to work backward from the 9‐month federal deadline (March 31 for a June 30 fiscal year‐end), building in a minimum 30‐day buffer to ensure all deliverables — including management review of draft financial statements, resolution of auditor inquiries, and final submission — are completed well in advance of the statutory due date. 4. Designated Responsible Party. The Administrative Services Officer, with regular reviews by the Executive Director, has been designated as the responsible party for monitoring progress against the timeline and escalating delays to the Executive Director and Board of Directors if any milestone is at risk of being missed. 5. Quarterly Progress Reporting. Beginning at the end of the first quarter following fiscal year‐end, the Administrative Services Officer will provide monthly progress updates to the Executive Director on the status of the Single Audit, including any identified risks to the timeline. 6. Auditor Engagement Timeline. The Alliance will execute its audit engagement letter no later than 60 days after fiscal year‐end and will provide all requested schedules and supporting documentation to the auditors within 120 days of fiscal year‐end to ensure adequate time for fieldwork and report issuance. 7. Internal Controls Over Reporting. The Alliance will implement a closing checklist and internal review process to ensure that all reconciliations, adjusting entries, and supporting schedules are completed and reviewed prior to the commencement of auditor fieldwork. Estimated Completion Date: Fully implemented and functioning for the fiscal year ending June 30, 2026 audit cycle. Responsible Party: Taylor Swain, Administrative Services Officer
View Audit 413801
Finding 1238471 (2024-005)
Material Weakness 2024
Peoria Housing Authority
IL
Special Tests & Provisions Procurement, Suspension & Debarment Cash Management § 200.302 § 200.303
• The Compliance Director will be responsible for maintaining updated records and ensuring accessibility during audits. • Implement checklists for each compliance area (reporting, Eligibility, Procurement) to confirm all documents are gathered before deadlines. • Schedule quarterly internal mini aud...
• The Compliance Director will be responsible for maintaining updated records and ensuring accessibility during audits. • Implement checklists for each compliance area (reporting, Eligibility, Procurement) to confirm all documents are gathered before deadlines. • Schedule quarterly internal mini audits to test readiness and correct gaps before the annual audit. • Maintain written standard operating procedures for how documentation should be completed, stored and updated. • Assign responsibility for each compliance area (waiting lists, who oversees procurement, who handles reporting) • Implement the use of audit readiness templates that outline exactly what needs to be prepared for each compliance requirement. Name of Responsible Person: Housing Director, Compliance Director Projected Completion Date: By the end of the current fiscal year.
View Audit 413338
Finding 1238470 (2024-001)
Material Weakness 2024
Peoria Housing Authority
IL
HUD Housing Programs Internal Control / Segregation of Duties Material Weakness
The lack of uniformity in the financial reporting process has been due to a lapse in staffing, as well as time required to deal with immediate neglected financial reporting needs. PHA understands the imperative nature of timely financial reporting from a posting, as well as a reconciling standpoint....
The lack of uniformity in the financial reporting process has been due to a lapse in staffing, as well as time required to deal with immediate neglected financial reporting needs. PHA understands the imperative nature of timely financial reporting from a posting, as well as a reconciling standpoint. In response to the identified deficiency, we are taking the following immediate steps to address the situation: • Account reconciliations will be done on a monthly basis. These reconciliations will not be limited to the normal short-term accounts such as Cash, Accounts Receivable and Accounts Payable. The proceeding reconciliation process will not only consider the aforementioned permanent accounts but will also consider the temporary accounts found within the Statement of Financial Activities. • Audit support will be compiled and sustained for all accounts. This support will be in the form of documentation comprising the account's audit trail. • PHA's Director of Finance will sign off on a reconciled full detail G/L for all entities monthly-by the 15th day following each monthly period. Name of Responsible Person: Finance Director, Staff Accountants Projected Completion Date: December 31, 2025
View Audit 413338
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