FAC Explorer

Corrective Action Plans

Browse how organizations respond to audit findings

Total CAPs
48,772
In database
Filtered Results
46,229
Matching current filters
Showing Page
137 of 1850
25 per page

Filters

Clear
Finding 1154896 (2024-003)
Material Weakness 2024
South Central Medical and Resource Center, Inc.
OK
Equipment & Real Property Management
2. SCMRC’s Facilities Manager will coordinate a full inventory of assets and medical supplies by December 31, 2025.
2. SCMRC’s Facilities Manager will coordinate a full inventory of assets and medical supplies by December 31, 2025.
View Audit 367237
Finding 1154896 (2024-003)
Material Weakness 2024
South Central Medical and Resource Center, Inc.
OK
Equipment & Real Property Management
A formal inventory log will be retained annually as part of SCMRC’s close-out procedures
A formal inventory log will be retained annually as part of SCMRC’s close-out procedures
View Audit 367237
Finding 1154895 (2024-002)
Material Weakness 2024
South Central Medical and Resource Center, Inc.
OK
Corrective Actions Taken:
Corrective Actions Taken:
View Audit 367237
Finding 1154895 (2024-002)
Material Weakness 2024
South Central Medical and Resource Center, Inc.
OK
1. In 2024, SCMRC engaged its contract accountant to develop formal internal reconciliation procedures.
1. In 2024, SCMRC engaged its contract accountant to develop formal internal reconciliation procedures.
View Audit 367237
Finding 1154895 (2024-002)
Material Weakness 2024
South Central Medical and Resource Center, Inc.
OK
2. A full-time Controller was hired in April 2025, bringing additional oversight and financial management capacity.
2. A full-time Controller was hired in April 2025, bringing additional oversight and financial management capacity.
View Audit 367237
Finding 1154895 (2024-002)
Material Weakness 2024
South Central Medical and Resource Center, Inc.
OK
3. Monthly reconciliation processes were implemented and documented, including supporting schedules that tie A/R balances to the general ledger.
3. Monthly reconciliation processes were implemented and documented, including supporting schedules that tie A/R balances to the general ledger.
View Audit 367237
Finding 1154895 (2024-002)
Material Weakness 2024
South Central Medical and Resource Center, Inc.
OK
4. These reconciliation reports are now reviewed monthly by the CEO and included in Finance Committee materials.
4. These reconciliation reports are now reviewed monthly by the CEO and included in Finance Committee materials.
View Audit 367237
Finding 1154895 (2024-002)
Material Weakness 2024
South Central Medical and Resource Center, Inc.
OK
Corrective Action Plan:
Corrective Action Plan:
View Audit 367237
Finding 1154895 (2024-002)
Material Weakness 2024
South Central Medical and Resource Center, Inc.
OK
1. SCMRC will maintain monthly A/R-to-GL reconciliation processes, with the Controller responsible for oversight and documentation.
1. SCMRC will maintain monthly A/R-to-GL reconciliation processes, with the Controller responsible for oversight and documentation.
View Audit 367237
Finding 1154895 (2024-002)
Material Weakness 2024
South Central Medical and Resource Center, Inc.
OK
2. Reconciliation reports will continue to be included in monthly board and Finance Committee financial packets.
2. Reconciliation reports will continue to be included in monthly board and Finance Committee financial packets.
View Audit 367237
Finding 1154895 (2024-002)
Material Weakness 2024
South Central Medical and Resource Center, Inc.
OK
3. SCMRC’s financial policies adopted to clear OSV Condition #4 will be reviewed annually and updated as needed to ensure continued compliance with 45 CFR § 75.302 and related Uniform Guidance standards.
3. SCMRC’s financial policies adopted to clear OSV Condition #4 will be reviewed annually and updated as needed to ensure continued compliance with 45 CFR § 75.302 and related Uniform Guidance standards.
View Audit 367237
Finding 1154894 (2024-001)
Material Weakness 2024
South Central Medical and Resource Center, Inc.
OK
Corrective Actions Taken:
Corrective Actions Taken:
View Audit 367237
Finding 1154894 (2024-001)
Material Weakness 2024
South Central Medical and Resource Center, Inc.
OK
1. Historical reconciliations for FY21–FY24 were completed by CPA Zac Mabry in 2025.
1. Historical reconciliations for FY21–FY24 were completed by CPA Zac Mabry in 2025.
View Audit 367237
Finding 1154894 (2024-001)
Material Weakness 2024
South Central Medical and Resource Center, Inc.
OK
2. A full-time Controller was hired in April 2025 to manage the general ledger and oversee reconciliations.
2. A full-time Controller was hired in April 2025 to manage the general ledger and oversee reconciliations.
View Audit 367237
Finding 1154894 (2024-001)
Material Weakness 2024
South Central Medical and Resource Center, Inc.
OK
3. Bank reconciliations are now completed monthly and reviewed within 30 days of month-end.
3. Bank reconciliations are now completed monthly and reviewed within 30 days of month-end.
View Audit 367237
Finding 1154894 (2024-001)
Material Weakness 2024
South Central Medical and Resource Center, Inc.
OK
4. Reconciled financials are included in internal financial packets and presented to the Finance Committee prior to each board meeting.
4. Reconciled financials are included in internal financial packets and presented to the Finance Committee prior to each board meeting.
View Audit 367237
Finding 1154894 (2024-001)
Material Weakness 2024
South Central Medical and Resource Center, Inc.
OK
5. In May 2025, SCMRC’s Board of Directors received formal fiscal governance training from Forvis and OKPCA. The training recording is now part of new board member onboarding.
5. In May 2025, SCMRC’s Board of Directors received formal fiscal governance training from Forvis and OKPCA. The training recording is now part of new board member onboarding.
View Audit 367237
Finding 1154894 (2024-001)
Material Weakness 2024
South Central Medical and Resource Center, Inc.
OK
6. Weekly meetings between the CEO, Controller, and contract accountant ensure alignment between internal financials, grant documentation, and reconciliation accuracy.
6. Weekly meetings between the CEO, Controller, and contract accountant ensure alignment between internal financials, grant documentation, and reconciliation accuracy.
View Audit 367237
Finding 1154894 (2024-001)
Material Weakness 2024
South Central Medical and Resource Center, Inc.
OK
Corrective Action Plan:
Corrective Action Plan:
View Audit 367237
Finding 1154894 (2024-001)
Material Weakness 2024
South Central Medical and Resource Center, Inc.
OK
1. The Controller will maintain a monthly reconciliation checklist signed off by the CEO and contract accountant within 30 days of each month-end close.
1. The Controller will maintain a monthly reconciliation checklist signed off by the CEO and contract accountant within 30 days of each month-end close.
View Audit 367237
Finding 1154894 (2024-001)
Material Weakness 2024
South Central Medical and Resource Center, Inc.
OK
2. SCMRC will implement a quarterly internal audit process beginning Q1 FY26 to review bank reconciliation documentation for accuracy, timeliness, and supporting detail.
2. SCMRC will implement a quarterly internal audit process beginning Q1 FY26 to review bank reconciliation documentation for accuracy, timeliness, and supporting detail.
View Audit 367237
Finding 1154894 (2024-001)
Material Weakness 2024
South Central Medical and Resource Center, Inc.
OK
3. The Finance Committee will receive quarterly attestation of reconciliation compliance and any discrepancies or delays will be documented in meeting minutes.
3. The Finance Committee will receive quarterly attestation of reconciliation compliance and any discrepancies or delays will be documented in meeting minutes.
View Audit 367237
Finding 1154894 (2024-001)
Material Weakness 2024
South Central Medical and Resource Center, Inc.
OK
4. SCMRC’s reconciliation policy will be reviewed annually by the CEO and Controller, with any updates formally approved by the Board.
4. SCMRC’s reconciliation policy will be reviewed annually by the CEO and Controller, with any updates formally approved by the Board.
View Audit 367237
Finding 1154894 (2024-001)
Material Weakness 2024
South Central Medical and Resource Center, Inc.
OK
5. New finance team hires will be required to complete onboarding training in reconciliation procedures and internal controls within 30 days of hire.
5. New finance team hires will be required to complete onboarding training in reconciliation procedures and internal controls within 30 days of hire.
View Audit 367237
Finding 1154894 (2024-001)
Material Weakness 2024
South Central Medical and Resource Center, Inc.
OK
6. A reconciliation exception log will be maintained by the Controller and reviewed by the CEO quarterly to monitor and resolve any recurring issues.
6. A reconciliation exception log will be maintained by the Controller and reviewed by the CEO quarterly to monitor and resolve any recurring issues.
View Audit 367237
« 1 135 136 138 139 1850 »