FAC Explorer

Finding 1054625 (2021-001)

Material Weakness Repeat Finding
Requirement
L
Questioned Costs
-
Year
2021
Accepted
2024-07-10
Audit: 314855
Organization: La'i'opua 2020 (HI)
Auditor: Linked Accounting LLP

AI Summary

  • Core Issue: There are significant gaps in internal controls related to financial reporting for the Native Hawaiian Education Act Program.
  • Impacted Requirements: This affects compliance with financial reporting standards and could lead to inaccuracies in financial statements.
  • Recommended Follow-Up: Implement stronger internal controls and conduct regular audits to ensure compliance and accuracy in financial reporting.

Finding Text

Lack of Internal Control over Financial Reporting, Native Hawaiian Education Act Program, Award Listing 84.362A

Categories

Reporting Internal Control / Segregation of Duties

Other Findings in this Audit

  • 478182 2021-001
    Material Weakness Repeat
  • 478183 2021-001
    Material Weakness Repeat
  • 1054624 2021-001
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
84.362 Native Hawaiian Education $330,604