FAC Explorer

Finding 1094111 (2024-001)

Significant Deficiency
Requirement
P
Questioned Costs
-
Year
2024
Accepted
2025-01-03
Audit: 335726
Organization: Kosciusko Remc & Subsidiary (IN)
Auditor: London Witte Group LLC

AI Summary

  • Answer: There is a lack of proper duty segregation in accounting tasks at Kosciusko REMC & Subsidiary.
  • Trend: This issue has persisted, impacting control objectives for the year ending August 31, 2024.
  • List: Review and implement stronger controls to ensure duties are appropriately segregated among employees.

Finding Text

More than one employee has the ability to complete multiple parts of tasks. For the year ended August 31, 2024, Kosciusko REMC & Subsidiary has failed to appropriately segregate duties in certain accounting areas consistent with control objectives.

Categories

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Other Findings in this Audit

  • 517669 2024-001
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
21.029 Coronavirus Capital Projects Fund $1.85M