FAC Explorer

Finding 1074640 (2023-001)

Significant Deficiency
Requirement
P
Questioned Costs
-
Year
2023
Accepted
2024-09-25
Audit: 320968
Organization: Rev. Dr. Clay Evans Manor (LA)
Auditor: Wharton CPA LLC

AI Summary

  • Answer: Management did not post prior year audit entries.
  • Trend: This issue affects the accuracy of financial statements, leading to incomplete records.
  • List: Management should ensure all audit adjustments are posted to align financial records with the audit report.

Finding Text

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

  • 498198 2023-001
    Significant Deficiency
  • 498199 2023-002
    Significant Deficiency
  • 498200 2023-003
    Significant Deficiency
  • 498201 2023-004
    Significant Deficiency
  • 498202 2023-005
    Significant Deficiency
  • 1074641 2023-002
    Significant Deficiency
  • 1074642 2023-003
    Significant Deficiency
  • 1074643 2023-004
    Significant Deficiency
  • 1074644 2023-005
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
14.157 Supportive Housing for the Elderly $6.45M
14.195 Section 8 Housing Assistance Payments Program $691,627
14.191 Multifamily Housing Service Coordinators $66,693