FAC Explorer

Finding 1080917 (2023-002)

Significant Deficiency
Requirement
P
Questioned Costs
-
Year
2023
Accepted
2024-11-01
Audit: 327010
Organization: Launch Alaska (AK)
Auditor: Smart Solutions CPA INC

AI Summary

  • Answer: The Audit Committee did not perform a required performance evaluation for the year ending June 30, 2023.
  • Trend: This lack of evaluation may indicate a pattern of oversight or non-compliance with established governance practices.
  • List: Recommend scheduling a performance evaluation and reviewing procedures to ensure compliance moving forward.

Finding Text

An Audit Committee charter is in place; however, no performance evaluation was conducted for the year ended June 30, 2023.

Categories

No categories assigned yet.

Other Findings in this Audit

  • 504475 2023-002
    Significant Deficiency
  • 504476 2023-003
    Significant Deficiency
  • 504477 2023-004
    Significant Deficiency
  • 504478 2023-005
    Significant Deficiency
  • 504479 2023-006
    Significant Deficiency Repeat
  • 1080918 2023-003
    Significant Deficiency
  • 1080919 2023-004
    Significant Deficiency
  • 1080920 2023-005
    Significant Deficiency
  • 1080921 2023-006
    Significant Deficiency Repeat

Programs in Audit

ALN Program Name Expenditures
12.300 Basic and Applied Scientific Research $1.73M
81.010 Office of Technology Transitions (ott)-Technology Deployment, Demonstration and Commercialization $289,793
11.307 Economic Adjustment Assistance $25,401
81.087 Renewable Energy Research and Development $22,251
90.100 Denali Commission Program $13,423