FAC Explorer

Finding 1080918 (2023-003)

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: Management has not set up a risk assessment process for compliance obligations.
  • Trend: This lack of process could lead to increased non-compliance risks over time.
  • List: Recommend establishing a risk assessment process to identify and manage compliance risks.

Finding Text

There is no risk assessment process established and implemented by management to identify risks related to non-compliance with any required compliance obligations as outlined in the OMB Supplement 2023.

Categories

Subrecipient Monitoring

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
  • 1080917 2023-002
    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