FAC Explorer

Finding 1077369 (2023-001)

Material Weakness
Requirement
A
Questioned Costs
-
Year
2023
Accepted
2024-09-30
Audit: 323230
Organization: Coquille Watershed Association (OR)
Auditor: Grimstad & Assoc

AI Summary

  • Issue: There is a material weakness in internal controls related to accounting corrections.
  • Trend: The auditor identified and CoqWA approved significant adjustments to ensure the financial statements are accurate.
  • Follow-up: Review internal controls to prevent future material adjustments and ensure ongoing accuracy in financial reporting.

Finding Text

Material Weakness - Internal Control - Accounting Corrections The auditor calculated, and CoqWA approved recording several material adjustments to the financial statements in order for the audited financial statements to be materially correct.

Categories

Material Weakness Internal Control / Segregation of Duties

Other Findings in this Audit

  • 500927 2023-001
    Material Weakness

Programs in Audit

ALN Program Name Expenditures
11.463 Habitat Conservation $72,923
15.614 Coastal Wetlands Planning, Protection and Restoration $60,920
15.015 Good Neighbor Authority $28,128
15.630 Coastal $11,488
15.234 Secure Rural Schools and Community Self-Determination $9,769
15.244 Aquatics Resources Management $7,512
15.245 Plant Conservation and Restoration Management $6,295
15.228 Blm Fuels Management and Community Fire Assistance Program Activities $5,393
15.230 Invasive and Noxious Plant Management $4,526
21.027 Coronavirus State and Local Fiscal Recovery Funds $2,864
15.631 Partners for Fish and Wildlife $1,808
11.438 Pacific Coast Salmon Recovery Pacific Salmon Treaty Program $661