Finding 1090714 (2023-006)

Significant Deficiency
Requirement
B
Questioned Costs
-
Year
2023
Accepted
2024-12-13
Audit: 332520
Organization: American Loggers Council (DC)
Auditor: Wegner CPAS LLP

AI Summary

  • Core Issue: The organization lacks formal policies to ensure costs are reviewed for allowability before being charged to federal awards.
  • Impacted Requirements: Compliance with 2 CFR section 200.403, which mandates that costs must be documented and adhere to accounting principles.
  • Recommended Follow-Up: Management should establish and implement procedures for reviewing and approving costs before they are charged to federal awards.

Finding Text

Assistance Listing Number: 10.728 Name of Federal Program: Inflation Reduction Act Hazardous Fuels Transportation Assistance Name of Federal Agency: Department of Agriculture Award Period: January 1, 2023 – December 31, 2023 Criteria or Specific Requirement: 2 CFR section 200.403 establishes criteria that must be met for costs to be allowable under federal awards. According to these criteria, costs charged to federal awards must be determined in accordance with generally accepted accounting principles and be adequately documented. Condition: Organization does have adequate segregation of duties between the individual reviewing, approving, and recording costs charged to federal awards. Cause: The Organization has not developed policies and procedures to ensure costs have been reviewed for allowability by appropriate personnel prior to charging them to federal awards. Effect or Potential Effect: An expense charged to the federal program could be disallowed. Repeat Finding: No Recommendation: We recommend that management implement policies and procedures to review and approve all costs by appropriate personnel prior to charging them to federal awards. Views of Responsible Officials: Management agrees with the finding and noted that they will implement our recommendations.

Categories

Internal Control / Segregation of Duties

Other Findings in this Audit

  • 514272 2023-006
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
10.728 Inflation Reduction Act Hazardous Fuels Transportation Assistance $2.90M
10.674 Wood Utilization Assistance $23,361