FAC Explorer

Finding 1055944 (2023-001)

- Repeat Finding
Requirement
L
Questioned Costs
-
Year
2023
Accepted
2024-07-26
Audit: 316026
Organization: Independent Training & Apprenticeship Program (CA)
Auditor: Weworski & Associates

AI Summary

  • Answer: The organization miscalculated the 90/10 revenue due to incorrect transaction identification.
  • Trend: This issue highlights a recurring problem with revenue reporting accuracy.
  • List: Review transaction records, correct the revenue calculation, and implement checks to prevent future errors.

Finding Text

Inaccurate Calculation of the 90/10 Revenue Calculation. The Organization did not properly identify and present the transactions in the 90/10 revenue calculation.

Categories

No categories assigned yet.

Other Findings in this Audit

Programs in Audit

ALN Program Name Expenditures
84.268 Federal Direct Student Loans $950,220
84.063 Federal Pell Grant Program $504,403
84.126 Rehabilitation Services_vocational Rehabilitation Grants to States $337,021
64.027 Post-9/11 Veterans Educational Assistance $175,173
17.258 Wia Adult Program $21,999
64.125 Vocational and Educational Counseling for Servicemembers and Veterans $17,500