FAC Explorer

Corrective Action Plans

Browse how organizations respond to audit findings

Total CAPs
57,859
In database
Filtered Results
54,763
Matching current filters
Showing Page
191 of 2191
25 per page

Filters

Clear
Finding 1174612 (2025-001)
Material Weakness 2025
Stovall Housing Corporation Stovall Terrace
CA
Eligibility HUD Housing Programs
Corrective Action Plan
Corrective Action Plan
View Audit 388121
Finding 1174612 (2025-001)
Material Weakness 2025
Stovall Housing Corporation Stovall Terrace
CA
Eligibility HUD Housing Programs
Action:
Action:
View Audit 388121
Finding 1174612 (2025-001)
Material Weakness 2025
Stovall Housing Corporation Stovall Terrace
CA
Eligibility HUD Housing Programs
1. To Provide Mandatory training to accounting personnel on certain accounting principles regarding
1. To Provide Mandatory training to accounting personnel on certain accounting principles regarding
View Audit 388121
Finding 1174612 (2025-001)
Material Weakness 2025
Stovall Housing Corporation Stovall Terrace
CA
Eligibility HUD Housing Programs
HUD Multifamily Housing. This includes taking accounting continuing education classes in accounting
HUD Multifamily Housing. This includes taking accounting continuing education classes in accounting
View Audit 388121
Finding 1174612 (2025-001)
Material Weakness 2025
Stovall Housing Corporation Stovall Terrace
CA
Eligibility HUD Housing Programs
for HUD Projects. Create an Internal Auditing function. Management provide a structure and process
for HUD Projects. Create an Internal Auditing function. Management provide a structure and process
View Audit 388121
Finding 1174612 (2025-001)
Material Weakness 2025
Stovall Housing Corporation Stovall Terrace
CA
Eligibility HUD Housing Programs
to review and monitor the processing of monthly financial statements and transactions. Management
to review and monitor the processing of monthly financial statements and transactions. Management
View Audit 388121
Finding 1174612 (2025-001)
Material Weakness 2025
Stovall Housing Corporation Stovall Terrace
CA
Eligibility HUD Housing Programs
must also review and monitor the processing of monthly bank reconciliations. By providing these
must also review and monitor the processing of monthly bank reconciliations. By providing these
View Audit 388121
Finding 1174612 (2025-001)
Material Weakness 2025
Stovall Housing Corporation Stovall Terrace
CA
Eligibility HUD Housing Programs
processes it will reduce the risk of material misstatements and increase the likelihood that financial
processes it will reduce the risk of material misstatements and increase the likelihood that financial
View Audit 388121
Finding 1174612 (2025-001)
Material Weakness 2025
Stovall Housing Corporation Stovall Terrace
CA
Eligibility HUD Housing Programs
statements will be produced at a reasonable period after year end.
statements will be produced at a reasonable period after year end.
View Audit 388121
Finding 1174612 (2025-001)
Material Weakness 2025
Stovall Housing Corporation Stovall Terrace
CA
Eligibility HUD Housing Programs
2. Management utilizing the Internal Audit Function should revise its internal control system as follows:
2. Management utilizing the Internal Audit Function should revise its internal control system as follows:
View Audit 388121
Finding 1174612 (2025-001)
Material Weakness 2025
Stovall Housing Corporation Stovall Terrace
CA
Eligibility HUD Housing Programs
a. Identify major areas of risk of material misstatement and/or fraud. As an example, the areas may
a. Identify major areas of risk of material misstatement and/or fraud. As an example, the areas may
View Audit 388121
Finding 1174612 (2025-001)
Material Weakness 2025
Stovall Housing Corporation Stovall Terrace
CA
Eligibility HUD Housing Programs
include; late Audit reporting, identifying areas of risk of material misstatement such as making
include; late Audit reporting, identifying areas of risk of material misstatement such as making
View Audit 388121
Finding 1174612 (2025-001)
Material Weakness 2025
Stovall Housing Corporation Stovall Terrace
CA
Eligibility HUD Housing Programs
timely required deposits to the reserve accounts including Residual Receipts, failing to review
timely required deposits to the reserve accounts including Residual Receipts, failing to review
View Audit 388121
Finding 1174612 (2025-001)
Material Weakness 2025
Stovall Housing Corporation Stovall Terrace
CA
Eligibility HUD Housing Programs
prior year audit reports or audit findings, Proper and accurate reporting on a consistent and
prior year audit reports or audit findings, Proper and accurate reporting on a consistent and
View Audit 388121
Finding 1174612 (2025-001)
Material Weakness 2025
Stovall Housing Corporation Stovall Terrace
CA
Eligibility HUD Housing Programs
ongoing basis to the most current HUD chart of accounts.
ongoing basis to the most current HUD chart of accounts.
View Audit 388121
Finding 1174612 (2025-001)
Material Weakness 2025
Stovall Housing Corporation Stovall Terrace
CA
Eligibility HUD Housing Programs
b. Create or review existing controls to minimize risk, such as a system to review the financial
b. Create or review existing controls to minimize risk, such as a system to review the financial
View Audit 388121
Finding 1174612 (2025-001)
Material Weakness 2025
Stovall Housing Corporation Stovall Terrace
CA
Eligibility HUD Housing Programs
statements general ledgers, bank reconciliations and all major fiscal management areas including
statements general ledgers, bank reconciliations and all major fiscal management areas including
View Audit 388121
Finding 1174612 (2025-001)
Material Weakness 2025
Stovall Housing Corporation Stovall Terrace
CA
Eligibility HUD Housing Programs
occupancy and the submissions of all reports to HUD.
occupancy and the submissions of all reports to HUD.
View Audit 388121
Finding 1174612 (2025-001)
Material Weakness 2025
Stovall Housing Corporation Stovall Terrace
CA
Eligibility HUD Housing Programs
c. Monitor the controls on systematic and continuous basis.
c. Monitor the controls on systematic and continuous basis.
View Audit 388121
Finding 1174612 (2025-001)
Material Weakness 2025
Stovall Housing Corporation Stovall Terrace
CA
Eligibility HUD Housing Programs
The purpose of the above is to detect & address risk of material misstatement or Fraud at the earliest
The purpose of the above is to detect & address risk of material misstatement or Fraud at the earliest
View Audit 388121
Finding 1174612 (2025-001)
Material Weakness 2025
Stovall Housing Corporation Stovall Terrace
CA
Eligibility HUD Housing Programs
possible time.
possible time.
View Audit 388121
Finding 1174612 (2025-001)
Material Weakness 2025
Stovall Housing Corporation Stovall Terrace
CA
Eligibility HUD Housing Programs
Responsibility: The Upper Management and the Accounting Manager is responsible for providing the training and assigning certain accounting classes that can be done online.
Responsibility: The Upper Management and the Accounting Manager is responsible for providing the training and assigning certain accounting classes that can be done online.
View Audit 388121
Finding 1174612 (2025-001)
Material Weakness 2025
Stovall Housing Corporation Stovall Terrace
CA
Eligibility HUD Housing Programs
Timeline: Recommendations should begin within 30 days of the audit report’s issuance.
Timeline: Recommendations should begin within 30 days of the audit report’s issuance.
View Audit 388121
Finding 1174612 (2025-001)
Material Weakness 2025
Stovall Housing Corporation Stovall Terrace
CA
Eligibility HUD Housing Programs
Resources: Online HUD accounting Webinars or Self Study classes. Example AICPA, AHACPA, or Wester CPE
Resources: Online HUD accounting Webinars or Self Study classes. Example AICPA, AHACPA, or Wester CPE
View Audit 388121
Finding 1174611 (2025-002)
Material Weakness 2025
Fairmount I and II
CA
Subrecipient Monitoring
Corrective Action Plan
Corrective Action Plan
View Audit 388120
« 1 189 190 192 193 2191 »