FAC Explorer

Finding 1073980 (2023-001)

Significant Deficiency
Requirement
P
Questioned Costs
-
Year
2023
Accepted
2024-09-20
Audit: 320275
Organization: Enon Plaza (LA)
Auditor: Wharton CPA LLC

AI Summary

  • Answer: Prior year audit entries were not posted by management.
  • Trend: This issue indicates a pattern of missing financial adjustments in records.
  • List: Management should ensure all audit entries are posted to align financial records with the audit report.

Finding Text

2023–1 Prior Year Audit Entries Not Posted Condition: Management failed to post prior year audit entries. Criteria: Agreed upon audit adjustments must be posted to the financial statements each year. Cause: The cause is undeterminable. Effect: The financial statement records did not contain all financial transactions of the property. Recommendation: I recommend management post audit entries to agree financial records to audit report.

Categories

No categories assigned yet.

Other Findings in this Audit

  • 497538 2023-001
    Significant Deficiency
  • 497539 2023-002
    Significant Deficiency
  • 1073981 2023-002
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
14.157 Supportive Housing for Persons with Disabilities $1.47M
14.195 Section 8 Housing Assistance Payments Program $252,773
14.191 Multifamily Housing Service Coordinators $22,886