Finding Text
2023-003 Missing Documentation
Criteria:
Requested information should be readily available for audit examination. Accurate record keeping and reporting are crucial to the successful management of funded activities.
Condition:
The Authority was unable to provide a majority of the supporting documentation. This includes but is not limited to the following significant areas:
• invoices
• tenant files
• bank statements
• payroll registers
• operating budget
The Authority was unable to produce the requested documents supporting Housing Authority financial statements.
Questioned Cost:
Cannot be determined, due to incomplete information.
Effect:
Housing Authority’s financial statements are not supported.
Cause:
Lack of prior management oversight.
Recommendation:
We recommend the Housing Authority’s management implement a system to maintain source documents and files that support the financial transactions.