FAC Explorer

Finding 1079659 (2020-003)

Significant Deficiency
Requirement
P
Questioned Costs
-
Year
2020
Accepted
2024-10-21
Audit: 325292
Organization: Housing Opportunities Mean Empowerment (IL)
Auditor: Haran & Associates LTD

AI Summary

  • Answer: Management raised the fidelity bond insurance coverage to $75,000 in July 2022.
  • Trend: This increase reflects a proactive approach to risk management and financial protection.
  • List: Ensure all relevant documentation is updated to reflect the new coverage amount.

Finding Text

Cleared - During July 2022, management increased the fidelity bond insurance coverage to $75,000.

Categories

No categories assigned yet.

Other Findings in this Audit

  • 503212 2020-001
    Significant Deficiency
  • 503213 2020-002
    Significant Deficiency
  • 503214 2020-003
    Significant Deficiency
  • 503215 2020-001
    Significant Deficiency
  • 503216 2020-002
    Significant Deficiency
  • 503217 2020-003
    Significant Deficiency
  • 1079654 2020-001
    Significant Deficiency
  • 1079655 2020-002
    Significant Deficiency
  • 1079656 2020-003
    Significant Deficiency
  • 1079657 2020-001
    Significant Deficiency
  • 1079658 2020-002
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
14.181 Supportive Housing for Persons with Disabilities $2.60M