Corrective Action Plans

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5. Documentation and Record Keeping:
5. Documentation and Record Keeping:
Maintain accurate records of all payroll tax transactions, including payment receipts and 941 filings.
Maintain accurate records of all payroll tax transactions, including payment receipts and 941 filings.
Ensure that documentation is readily accessible for auditing purposes.
Ensure that documentation is readily accessible for auditing purposes.
Review the Management Response section and refer to the corrective action plan provided by the organization.
Review the Management Response section and refer to the corrective action plan provided by the organization.
Ensure that the corrective action plan addresses the identified issues and includes specific steps and timelines.
Ensure that the corrective action plan addresses the identified issues and includes specific steps and timelines.
Periodically review the organization's compliance with the Internal Revenue Code and other relevant regulations.
Periodically review the organization's compliance with the Internal Revenue Code and other relevant regulations.
Conduct internal audits to verify the effectiveness of the new internal controls.
Conduct internal audits to verify the effectiveness of the new internal controls.
Establish procedures to avoid significant penalties associated with late or inaccurate payroll tax payments.
Establish procedures to avoid significant penalties associated with late or inaccurate payroll tax payments.
Ensure that payroll taxes are paid within the required period to prevent financial losses.
Ensure that payroll taxes are paid within the required period to prevent financial losses.
Regularly report progress on payroll tax compliance to relevant stakeholders, including management and the board of directors.
Regularly report progress on payroll tax compliance to relevant stakeholders, including management and the board of directors.
Encourage a culture of continuous improvement in payroll tax compliance.
Encourage a culture of continuous improvement in payroll tax compliance.
Periodically review and update internal controls and procedures to adapt to changing regulations or organizational needs.
Periodically review and update internal controls and procedures to adapt to changing regulations or organizational needs.
Timeline: Implement the action plan as soon as possible, with a focus on immediate improvements in payroll tax compliance. Continuously monitor progress and make necessary adjustments.
Timeline: Implement the action plan as soon as possible, with a focus on immediate improvements in payroll tax compliance. Continuously monitor progress and make necessary adjustments.
Responsibility: Assign specific individuals or departments responsible for each action item in the plan, and establish clear lines of accountability.
Responsibility: Assign specific individuals or departments responsible for each action item in the plan, and establish clear lines of accountability.
Resources: Allocate the necessary resources, including personnel, technology, and training, to ensure the successful implementation of the action plan.
Resources: Allocate the necessary resources, including personnel, technology, and training, to ensure the successful implementation of the action plan.
Constraints: Consider any budgetary or resource constraints when implementing the plan, and seek approval for additional resources if needed.
Constraints: Consider any budgetary or resource constraints when implementing the plan, and seek approval for additional resources if needed.
By following this action plan, AYUDA can improve its internal controls, ensure timely and accurate payroll tax payments, and reduce the risk of incurring significant penalties. It's essential to monitor progress and maintain a commitment to compliance with payroll tax regulations
By following this action plan, AYUDA can improve its internal controls, ensure timely and accurate payroll tax payments, and reduce the risk of incurring significant penalties. It's essential to monitor progress and maintain a commitment to compliance with payroll tax regulations
Finding No. 2022-001: Financial Reporting Assistance Listing Program Title and Number: All Federal Agency: All Pass-through Entity: All Description of Finding: In fiscal year 2022, the Organization 's accounting processes and internal controls over financial reporting did not meet timeliness standar...
Finding No. 2022-001: Financial Reporting Assistance Listing Program Title and Number: All Federal Agency: All Pass-through Entity: All Description of Finding: In fiscal year 2022, the Organization 's accounting processes and internal controls over financial reporting did not meet timeliness standards. As a result, the financial close process including the grant schedule was not completed within the standard period. Statement of Concurrence or Nonconcurrence: Management agrees with the auditors' findings. Corrective Action: Management identified the prior year occurrences as one time and will meet timelmess standards in subsequent fiscal years. Name of Contact Person: Mark E. Kovitch, CFO mkovitch@NewOppinc.org 203-575-4293 Projected Completion Date: July 31 , 2024
Finding ref number: 2022-002 Finding caption: The Housing Authority had inadequate internal controls for ensuring compliance with the Housing Quality Standards inspection requirements of its Section 8 Housing Assistance Payments Program. Name, address, and telephone of Authority contact person: Joan...
Finding ref number: 2022-002 Finding caption: The Housing Authority had inadequate internal controls for ensuring compliance with the Housing Quality Standards inspection requirements of its Section 8 Housing Assistance Payments Program. Name, address, and telephone of Authority contact person: Joanna Tepley, Finance Director 1555 S. Methow Street Wenatchee, WA 98801 Corrective action the auditee plans to take in response to the finding: For 2022, CCWHA resumed annual inspections of leased units assigning an inspection month to each property. We acknowledge that in this transition some units, due to tenant refusal and rescheduling were not inspected within the annual timeline as understood by the State Auditor’s Office. CCWHA has taken the following actions: 1) Timely Inspections: We have reviewed and revised our inspection scheduling procedures to ensure timely inspections for all leased units. This includes implementing a system to track and manage inspection deadlines and notifying tenants in advance to facilitate the process. 2) Documentation Enhancement: Our documentation procedures have been enhanced to maintain a comprehensive record of all inspections. This includes creating a centralized database to store digital inspection reports, dates, and any necessary follow-up actions, ensuring that we can readily demonstrate compliance with HQS requirements. 3) Staff Training: Housing Authority staff responsible for conducting inspections have undergone additional training to reinforce the importance of timely and thorough assessments. This training emphasizes the significance of complying with federal HQS standards and maintaining accurate records. 4) Quality Assurance Reviews: We have established a quality assurance review process to periodically assess our inspection procedures. This will involve internal reviews and, where appropriate, seeking external input to ensure the effectiveness and accuracy of our inspection processes. We understand the critical nature of complying with HQS requirements to maintain a safe and healthy living environment for our tenants. We are committed to continuously improving our inspection processes. Anticipated date to complete the corrective action: Complete and on-going
Findings and Questioned Costs Relating to Federal Awards: Federal Funding Accountability and Transparency Act (FFATA), Reporting DEDC’s Finance Department with the assistance of the Human Resources Department submitted the FFATA Reports that were not filed in previous years, in order to get curre...
Findings and Questioned Costs Relating to Federal Awards: Federal Funding Accountability and Transparency Act (FFATA), Reporting DEDC’s Finance Department with the assistance of the Human Resources Department submitted the FFATA Reports that were not filed in previous years, in order to get current in the FFATA reporting requirements during the month of September 2022. Thereafter, DEDC has been able to submit FFATA reports as required. In DEDC Reporting SOP, the submission deadlines have been established, as well as the personnel responsible for its completion. To fully mitigate the finding, an SOP related solely to FFATA reports was prepared and implemented, including the following details: parties responsible for preparing and submitting reports, management oversight in the process and the process to ensure timely submission as per requirements. The SOP details responsible parties with proper segregation of duties for preparation and review and DEDC’s oversight to ascertain quality and timeliness of submittals. The SOP was shared with Finance and Programmatic resources and a training session was provided to all parties involved in the procedure. These activities were completed during the month of May 2023, which should significantly enhance controls for subsequent periods.
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