FAC Explorer

Finding 1074804 (2023-001)

Significant Deficiency Repeat Finding
Requirement
P
Questioned Costs
-
Year
2023
Accepted
2024-09-26
Audit: 321079
Organization: Golden Triangle Resource Conservation and Development Area INC (GA)
Auditor: Rl Jennings & Associates PC

AI Summary

  • Core Issue: Key duties are not properly segregated, increasing the risk of errors or fraud in financial transactions.
  • Impacted Requirements: Cash management, accounts receivable, accounts payable, and payroll functions lack necessary controls.
  • Recommended Follow-Up: Implement better segregation of duties and enhance board oversight to mitigate risks.

Finding Text

U.S. Department of Agriculture Natural Resources Conservation Service Soil and Water Conservation Federal Assistance Listing Number 10.902 2019-01: Segregation of Duties Criteria: The assignment of responsibilities should be segregated so that one person is not responsible for the authorization and recording of a transaction and the custody of the related asset. There needs to be a reconciliation or control activity to provide reasonable assurance that transactions are handled appropriately. Condition: Key duties and functions are not segregated among Organization personnel. This is especially a concern in the cash management, account receivable, accounts payable, and payroll functions. Effect: Transaction could be mishandled, due to errors or fraud, that could lead to loss of assets or the reporting of misleading financial information. Cause: There are a limited number of personnel for certain functions and lack of board oversight. Identification of a repeat finding: This is repeat finding from the immediate previous audit. Recommendation: We recommend that duties be segregated as best as possible with the people available. The Board should oversee these areas as much as possible. Views of responsible officials and planned corrective actions: The Organization agrees with this finding and will adhere to the corrective action plan on page 36 in this audit report.

Categories

Internal Control / Segregation of Duties Cash Management Reporting

Other Findings in this Audit

  • 498338 2023-001
    Significant Deficiency Repeat
  • 498339 2023-002
    Significant Deficiency Repeat
  • 498340 2023-003
    Significant Deficiency Repeat
  • 498341 2023-004
    Significant Deficiency Repeat
  • 498342 2023-001
    Significant Deficiency Repeat
  • 498343 2023-002
    Significant Deficiency Repeat
  • 498344 2023-003
    Significant Deficiency Repeat
  • 498345 2023-004
    Significant Deficiency Repeat
  • 498346 2023-001
    Significant Deficiency Repeat
  • 498347 2023-002
    Significant Deficiency Repeat
  • 498348 2023-003
    Significant Deficiency Repeat
  • 498349 2023-004
    Significant Deficiency Repeat
  • 498350 2023-001
    Significant Deficiency Repeat
  • 498351 2023-002
    Significant Deficiency Repeat
  • 498352 2023-003
    Significant Deficiency Repeat
  • 498353 2023-004
    Significant Deficiency Repeat
  • 498354 2023-001
    Significant Deficiency Repeat
  • 498355 2023-002
    Significant Deficiency Repeat
  • 498356 2023-003
    Significant Deficiency Repeat
  • 498357 2023-004
    Significant Deficiency Repeat
  • 498358 2023-001
    Significant Deficiency Repeat
  • 498359 2023-002
    Significant Deficiency Repeat
  • 498360 2023-003
    Significant Deficiency Repeat
  • 498361 2023-004
    Significant Deficiency Repeat
  • 498362 2023-001
    Significant Deficiency Repeat
  • 498363 2023-002
    Significant Deficiency Repeat
  • 498364 2023-003
    Significant Deficiency Repeat
  • 498365 2023-004
    Significant Deficiency Repeat
  • 1074780 2023-001
    Significant Deficiency Repeat
  • 1074781 2023-002
    Significant Deficiency Repeat
  • 1074782 2023-003
    Significant Deficiency Repeat
  • 1074783 2023-004
    Significant Deficiency Repeat
  • 1074784 2023-001
    Significant Deficiency Repeat
  • 1074785 2023-002
    Significant Deficiency Repeat
  • 1074786 2023-003
    Significant Deficiency Repeat
  • 1074787 2023-004
    Significant Deficiency Repeat
  • 1074788 2023-001
    Significant Deficiency Repeat
  • 1074789 2023-002
    Significant Deficiency Repeat
  • 1074790 2023-003
    Significant Deficiency Repeat
  • 1074791 2023-004
    Significant Deficiency Repeat
  • 1074792 2023-001
    Significant Deficiency Repeat
  • 1074793 2023-002
    Significant Deficiency Repeat
  • 1074794 2023-003
    Significant Deficiency Repeat
  • 1074795 2023-004
    Significant Deficiency Repeat
  • 1074796 2023-001
    Significant Deficiency Repeat
  • 1074797 2023-002
    Significant Deficiency Repeat
  • 1074798 2023-003
    Significant Deficiency Repeat
  • 1074799 2023-004
    Significant Deficiency Repeat
  • 1074800 2023-001
    Significant Deficiency Repeat
  • 1074801 2023-002
    Significant Deficiency Repeat
  • 1074802 2023-003
    Significant Deficiency Repeat
  • 1074803 2023-004
    Significant Deficiency Repeat
  • 1074805 2023-002
    Significant Deficiency Repeat
  • 1074806 2023-003
    Significant Deficiency Repeat
  • 1074807 2023-004
    Significant Deficiency Repeat

Programs in Audit

ALN Program Name Expenditures
21.027 Coronavirus State and Local Fiscal Recovery Funds $1.65M
15.631 Partners for Fish and Wildlife $379,627
10.862 Rural Decentralized Water Systems Grant Program $151,286
10.912 Environmental Quality Incentives Program $138,417
10.935 Urban Agriculture and Innovative Production $77,776
10.902 Soil and Water Conservation $31,955
10.446 Rural Community Development Initiative $30,000
66.460 Nonpoint Source Implementation Grants $25,590
15.608 Fish and Wildlife Management Assistance $3,418
66.419 Water Pollution Control State, Interstate, and Tribal Program Support $2,000