Corrective Action Plans

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Corrective Action Planned: 1. Replacement of the general ledger maintenance owner. 2. Engagement of CrossCountry Consulting’s Risk & Compliance department to assess and assist the organization with the implementation of additional internal controls which will specifically address the material weakne...
Corrective Action Planned: 1. Replacement of the general ledger maintenance owner. 2. Engagement of CrossCountry Consulting’s Risk & Compliance department to assess and assist the organization with the implementation of additional internal controls which will specifically address the material weakness identified. 3. Addition of a robust general ledger review and reconciliation on a timely basis as part of the month-end closing process. 4. Addition of quarterly reviews of general ledger activity and procedures with an external Accounting Advisory firm. Detailed review of annual results will take place prior to commencement of annual external audit. Anticipated Completion Date: 1. The Interim Financial Controller will work with the current general ledger owner for a period of eight weeks to assume ownership until a full-time replacement can be hired. The transition is underway and will be completed by January 15th, 2025, with a goal of having a full-time replacement in place by end of March 2025. 2. This agreement is being drafted and work will begin by December 6th, 2024. The assessment and implementation of additional controls will be completed by end of March 2025. 3. This will begin immediately and will be an ongoing requirement for BioMADE’s finance department. All monthly close activity for FY 2024 will be completed by end of January 2025 and monthly close for FY 2025 will commence immediately and be completed on a monthly cycle through the remainder of FY 2025. 4. This will begin immediately and will be an ongoing requirement through the completion of the FY24 and FY25 external audits.
We agree with the recommendation and moving forward all federal expenditures and full-time equivalent positions are reported accurately on the ESSER annual and quarterly reports, and that supporting documentation is maintained to support the amounts reported.
We agree with the recommendation and moving forward all federal expenditures and full-time equivalent positions are reported accurately on the ESSER annual and quarterly reports, and that supporting documentation is maintained to support the amounts reported.
2023-004: REPORTING--RPE Recommendation: Internal controls and procedures should be established and documentation maintained to support all program metrics surrounding each grant reporting. Corrective Actions: YWCA acknowledges discrepancies in data metrics reported. • Utilize & document consiste...
2023-004: REPORTING--RPE Recommendation: Internal controls and procedures should be established and documentation maintained to support all program metrics surrounding each grant reporting. Corrective Actions: YWCA acknowledges discrepancies in data metrics reported. • Utilize & document consistent process and tools (Client Track database) for effective tracking and reporting for all program reports. • Establish a routine for random and planned audits to verify reporting accuracy. • Provide training on proper reporting procedures, best audit practices, and data entry accuracy. Tracking and Documentation: • All program reports will be organized by grant name, month, and year with program report and source document with two signatures to confirm the process (manager and Department Director). • All staff will sign off on training topics, with documentation saved in their personnel folder. • Random internal audits will be conducted bi-weekly throughout the year to ensure compliance. Overall Implementation Plan: • Timeline: Begin implementation immediately and complete all actions by the end of Q1 2025. • Responsibility: Department Director to oversee implementation and report progress to management monthly. Controller will be responsible for implementing staff education and audit best practices. HR will ensure documentation is saved in personnel folder. Department Director program report organization and source documentation • Monitoring: Follow-up audits every quarter to ensure ongoing compliance and improvement.
Issue: Reports tested had deviations between the source documents and submitted report metrics. Recommendation: Internal controls and procedures should be established and documentation maintained to support all program metrics surrounding each grant reporting. Corrective Actions: YWCA acknowledges...
Issue: Reports tested had deviations between the source documents and submitted report metrics. Recommendation: Internal controls and procedures should be established and documentation maintained to support all program metrics surrounding each grant reporting. Corrective Actions: YWCA acknowledges discrepancies in data metrics reported. • Utilize & document consistent process and tools (Client Track database) for effective tracking and reporting for all program reports. • Establish a routine for random and planned audits to verify reporting accuracy. • Provide training on proper reporting procedures, best audit practices, and data entry accuracy. Tracking and Documentation: • All program reports will be organized by grant name, month, and year with program report and source document with two signatures to confirm the process (manager and Department Director). • All staff will sign off on training topics, with documentation saved in their personnel folder. • Random internal audits will be conducted bi-weekly throughout the year to ensure compliance.
2023-004 -Filing with the Federal Audit Clearinghouse took place more than 9 months subsequent
2023-004 -Filing with the Federal Audit Clearinghouse took place more than 9 months subsequent
to the fiscal year end
to the fiscal year end
Auditor's Recommendation:
Auditor's Recommendation:
It is recommended that The Coalition implement the following measures to address the identified
It is recommended that The Coalition implement the following measures to address the identified
• Enhance internal controls over the financial reporting process to ensure timely submission of
• Enhance internal controls over the financial reporting process to ensure timely submission of
all required reports.
all required reports.
• Provide training to financial staff and the Board of Directors on federal reporting requirements
• Provide training to financial staff and the Board of Directors on federal reporting requirements
• Establish a compliance calendar to track all reporting deadlines and ensure timely submissions.
• Establish a compliance calendar to track all reporting deadlines and ensure timely submissions.
• Conduct periodic reviews of the reporting process to identify and address any potential delays
• Conduct periodic reviews of the reporting process to identify and address any potential delays
or issues proactively.
or issues proactively.
By taking these actions, The Coalition can improve its compliance with federal regulations and enhance
By taking these actions, The Coalition can improve its compliance with federal regulations and enhance
the reliability and timeliness of its financial reporting.
the reliability and timeliness of its financial reporting.
Views of Responsible Officials and Planned Corrective Actions:
Views of Responsible Officials and Planned Corrective Actions:
We agree that the audit report was not filed before the 9-month due date. We also have noted the
We agree that the audit report was not filed before the 9-month due date. We also have noted the
compliance requirements, communicated them to the Board of Directors, as well as started a discussion
compliance requirements, communicated them to the Board of Directors, as well as started a discussion
regarding the preparation of the 2024 audit to meet the reporting due date.
regarding the preparation of the 2024 audit to meet the reporting due date.
2023-001 Reporting – Federal Audit Clearinghouse Recommendation: Procedures should be implemented to ensure the Single Audit Reporting Package is filed in a timely manner. Views of Responsible Officials and Planned Corrective Actions: Management is aware of the filing deadline and will ensure that a...
2023-001 Reporting – Federal Audit Clearinghouse Recommendation: Procedures should be implemented to ensure the Single Audit Reporting Package is filed in a timely manner. Views of Responsible Officials and Planned Corrective Actions: Management is aware of the filing deadline and will ensure that all future reporting packages are submitted timely.
Finding 523544 (2023-007)
Significant Deficiency 2023
Due to limited staffing resources, the Organization was not able to ensure maintenance of adequate documentation. The Organization has made efforts to ensure that proper documentation is maintained and accessible by necessary staff.
Due to limited staffing resources, the Organization was not able to ensure maintenance of adequate documentation. The Organization has made efforts to ensure that proper documentation is maintained and accessible by necessary staff.
Finding 523541 (2023-004)
Significant Deficiency 2023
The Organization experienced substantial growth of programmatic activities which required the department to focus on ongoing maintenance and tracking. The Organization completed a significant components of year end close in the fall of 2023 and final review and adjustments in December 2024.The depar...
The Organization experienced substantial growth of programmatic activities which required the department to focus on ongoing maintenance and tracking. The Organization completed a significant components of year end close in the fall of 2023 and final review and adjustments in December 2024.The department is finalizing the year end close for the next year end close to be able to complete the audit and file within nine months from year end.
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