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Corrective Action Plans

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Finding 11226 (2022-002)
Significant Deficiency 2022
Adults and Youth United Development Association. INC
TX
Reporting § 200.512
1.   Root Cause Analysis:
1.   Root Cause Analysis:
View Audit 15012
Finding 11226 (2022-002)
Significant Deficiency 2022
Adults and Youth United Development Association. INC
TX
Reporting § 200.512
·      Conduct and detailed analysis of the current financial reporting process.
·      Conduct and detailed analysis of the current financial reporting process.
View Audit 15012
Finding 11226 (2022-002)
Significant Deficiency 2022
Adults and Youth United Development Association. INC
TX
Reporting § 200.512
·      Identify the specific weakness that led to the late submission of the single audit reporting package.
·      Identify the specific weakness that led to the late submission of the single audit reporting package.
View Audit 15012
Finding 11226 (2022-002)
Significant Deficiency 2022
Adults and Youth United Development Association. INC
TX
Reporting § 200.512
2.   Process Improvement:
2.   Process Improvement:
View Audit 15012
Finding 11226 (2022-002)
Significant Deficiency 2022
Adults and Youth United Development Association. INC
TX
Reporting § 200.512
·      Review and redesign the financial reporting process to incorporate adequate procedures for timely filling.
·      Review and redesign the financial reporting process to incorporate adequate procedures for timely filling.
View Audit 15012
Finding 11226 (2022-002)
Significant Deficiency 2022
Adults and Youth United Development Association. INC
TX
Reporting § 200.512
·      Establish a timeline for each step in the reporting process, ensuring that all necessary tasks are completed in a timely manner.
·      Establish a timeline for each step in the reporting process, ensuring that all necessary tasks are completed in a timely manner.
View Audit 15012
Finding 11226 (2022-002)
Significant Deficiency 2022
Adults and Youth United Development Association. INC
TX
Reporting § 200.512
3.   Training and Awareness:
3.   Training and Awareness:
View Audit 15012
Finding 11226 (2022-002)
Significant Deficiency 2022
Adults and Youth United Development Association. INC
TX
Reporting § 200.512
·      Provide training sessions for relevant staff members involved in the financial reporting process.
·      Provide training sessions for relevant staff members involved in the financial reporting process.
View Audit 15012
Finding 11226 (2022-002)
Significant Deficiency 2022
Adults and Youth United Development Association. INC
TX
Reporting § 200.512
·      Emphasize the importance of adhering to federal regulations and meeting reporting deadlines.
·      Emphasize the importance of adhering to federal regulations and meeting reporting deadlines.
View Audit 15012
Finding 11226 (2022-002)
Significant Deficiency 2022
Adults and Youth United Development Association. INC
TX
Reporting § 200.512
4.   Internal Controls:
4.   Internal Controls:
View Audit 15012
Finding 11226 (2022-002)
Significant Deficiency 2022
Adults and Youth United Development Association. INC
TX
Reporting § 200.512
·      Strengthen internal controls to monitor and enforce the timely submission of financial information.
·      Strengthen internal controls to monitor and enforce the timely submission of financial information.
View Audit 15012
Finding 11226 (2022-002)
Significant Deficiency 2022
Adults and Youth United Development Association. INC
TX
Reporting § 200.512
·      Implement checks and balances to ensure that the reporting package is prepared and submitted within the required timeframe.
·      Implement checks and balances to ensure that the reporting package is prepared and submitted within the required timeframe.
View Audit 15012
Finding 11226 (2022-002)
Significant Deficiency 2022
Adults and Youth United Development Association. INC
TX
Reporting § 200.512
5.   Documentation and Review:
5.   Documentation and Review:
View Audit 15012
Finding 11226 (2022-002)
Significant Deficiency 2022
Adults and Youth United Development Association. INC
TX
Reporting § 200.512
·      Document the revised procedures and ensure that they align with the 2 U.S. Code of Federal Regulation, (CFR) 200.512
·      Document the revised procedures and ensure that they align with the 2 U.S. Code of Federal Regulation, (CFR) 200.512
View Audit 15012
Finding 11226 (2022-002)
Significant Deficiency 2022
Adults and Youth United Development Association. INC
TX
Reporting § 200.512
·      Establish a review mechanism to periodically assess the effectiveness of the new procedures.
·      Establish a review mechanism to periodically assess the effectiveness of the new procedures.
View Audit 15012
Finding 11226 (2022-002)
Significant Deficiency 2022
Adults and Youth United Development Association. INC
TX
Reporting § 200.512
6.   Communication Plan:
6.   Communication Plan:
View Audit 15012
Finding 11226 (2022-002)
Significant Deficiency 2022
Adults and Youth United Development Association. INC
TX
Reporting § 200.512
·      Develop a communication plan to inform relevant people about the changes in the financial reporting process.
·      Develop a communication plan to inform relevant people about the changes in the financial reporting process.
View Audit 15012
Finding 11226 (2022-002)
Significant Deficiency 2022
Adults and Youth United Development Association. INC
TX
Reporting § 200.512
·      Clearly communicate the importance of adhering to deadlines and the potential consequences of noncompliance.
·      Clearly communicate the importance of adhering to deadlines and the potential consequences of noncompliance.
View Audit 15012
Finding 11226 (2022-002)
Significant Deficiency 2022
Adults and Youth United Development Association. INC
TX
Reporting § 200.512
7.   Monitoring and Reporting:
7.   Monitoring and Reporting:
View Audit 15012
Finding 11226 (2022-002)
Significant Deficiency 2022
Adults and Youth United Development Association. INC
TX
Reporting § 200.512
·      Implement a monitoring system to track progress in real-time.
·      Implement a monitoring system to track progress in real-time.
View Audit 15012
Finding 11226 (2022-002)
Significant Deficiency 2022
Adults and Youth United Development Association. INC
TX
Reporting § 200.512
·      Generate regular reports to assess the status of financial reporting and address any issues promptly.
·      Generate regular reports to assess the status of financial reporting and address any issues promptly.
View Audit 15012
Finding 11226 (2022-002)
Significant Deficiency 2022
Adults and Youth United Development Association. INC
TX
Reporting § 200.512
8.   Corrective Action Plan Documentation:
8.   Corrective Action Plan Documentation:
View Audit 15012
Finding 11226 (2022-002)
Significant Deficiency 2022
Adults and Youth United Development Association. INC
TX
Reporting § 200.512
·      Clearly outline the corrective action plan in response to the auditor’s recommendation.
·      Clearly outline the corrective action plan in response to the auditor’s recommendation.
View Audit 15012
Finding 11226 (2022-002)
Significant Deficiency 2022
Adults and Youth United Development Association. INC
TX
Reporting § 200.512
·      Ensure that the corrective action plan addresses the root cause and includes steps taken to prevent recurrence.
·      Ensure that the corrective action plan addresses the root cause and includes steps taken to prevent recurrence.
View Audit 15012
Finding 11226 (2022-002)
Significant Deficiency 2022
Adults and Youth United Development Association. INC
TX
Reporting § 200.512
9.   Management Review:
9.   Management Review:
View Audit 15012
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