Finding 1086233 (2023-006)

Material Weakness
Requirement
B
Questioned Costs
-
Year
2023
Accepted
2024-11-22
Audit: 329526
Organization: Lead the Way Learning Academy (OH)
Auditor: Wells CPA LLC

AI Summary

  • Answer: Some transactions did not follow our internal control procedures.
  • Trend: We believe this issue will improve with the new management at Lead The Way Learning Academy.
  • List: Monitor future transactions to ensure compliance and assess the effectiveness of the management change.

Finding Text

We agree that not all transactions complied with our internal control procedures. We expect this to no longer be an issue due to change in Lead The Way Learning Academy’s management team.

Categories

Internal Control / Segregation of Duties

Other Findings in this Audit

  • 509790 2023-003
    Significant Deficiency
  • 509791 2023-006
    Material Weakness
  • 509792 2023-007
    Significant Deficiency
  • 509793 2023-003
    Significant Deficiency
  • 509794 2023-003
    Significant Deficiency
  • 509795 2023-003
    Material Weakness
  • 1086232 2023-003
    Significant Deficiency
  • 1086234 2023-007
    Significant Deficiency
  • 1086235 2023-003
    Significant Deficiency
  • 1086236 2023-003
    Significant Deficiency
  • 1086237 2023-003
    Material Weakness

Programs in Audit

ALN Program Name Expenditures
21.027 Coronavirus State and Local Fiscal Recovery Funds $578,727
17.259 Wioa Youth Activities $40,397
93.558 Temporary Assistance for Needy Families $185