FAC Explorer

Finding 1080295 (2023-001)

Material Weakness
Requirement
L
Questioned Costs
-
Year
2023
Accepted
2024-10-28
Audit: 326170
Organization: Village of Brown Deer, Wisconsin (WI)
Auditor: Lauterbach & Amen LLP

AI Summary

  • Answer: The audit revealed significant errors in the beginning balances that needed to be restated.
  • Trend: This indicates a recurring issue with the accuracy of financial closing entries.
  • List: Management should establish a process to identify key closing entries and compare the general ledger with audit trial balances after each audit.

Finding Text

Condition: The Village’s audit had material restatements of beginning balances. Recommendation: It was recommended that management implement a process for identifying material closing entries during the financial closing process and evaluating the general ledger compared to the audit trial balances at the conclusion of the audit.

Categories

No categories assigned yet.

Other Findings in this Audit

  • 503853 2023-001
    Material Weakness
  • 503854 2023-002
    Significant Deficiency Repeat
  • 503855 2023-001
    Material Weakness
  • 503856 2023-002
    Significant Deficiency Repeat
  • 503857 2023-001
    Material Weakness
  • 503858 2023-002
    Significant Deficiency Repeat
  • 1080296 2023-002
    Significant Deficiency Repeat
  • 1080297 2023-001
    Material Weakness
  • 1080298 2023-002
    Significant Deficiency Repeat
  • 1080299 2023-001
    Material Weakness
  • 1080300 2023-002
    Significant Deficiency Repeat

Programs in Audit

ALN Program Name Expenditures
21.027 Coronavirus State and Local Fiscal Recovery Funds $626,900
93.323 Epidemiology and Laboratory Capacity for Infectious Diseases (elc) $206,366
93.354 Public Health Emergency Response: Cooperative Agreement for Emergency Response: Public Health Crisis Response $57,502
14.218 Community Development Block Grants/entitlement Grants $49,990
93.391 Activities to Support State, Tribal, Local and Territorial (stlt) Health Department Response to Public Health Or Healthcare Crises $34,636
93.136 Injury Prevention and Control Research and State and Community Based Programs $27,289
93.268 Immunization Cooperative Agreements $23,447
93.069 Public Health Emergency Preparedness $22,136
93.994 Maternal and Child Health Services Block Grant to the States $14,927
66.468 Drinking Water State Revolving Fund $9,025
90.404 Hava Election Security Grants $1,894
93.991 Preventive Health and Health Services Block Grant $1,243