Finding Text
U.S. DEPARTMENT OF THE TREASURY
Internal Control Over Compliance – Significant Deficiency – Reporting
Finding 2022-005 – ALN 21.023 EMERGENCY RENTAL ASSISTANCE PROGRAM (CAA-HRG) – The financial reports are prepared by the Chief Financial Officer with no review prior to submission.
Criteria – Proper internal controls over reporting would include a review of the reporting process by a second individual to ensure the accuracy and validity of the information reported.
Condition – There was no evidence of review for any of the financial reports selected for testing.
Cause – There was no policy for a review of reports prepared by the Chief Financial Officer.
Effect – Without a proper review process in place, inaccuracies in reports could go undetected.
Recommendation – A formal review process should be in place to ensure that the reports are properly prepared.
Views of Responsible Officials – See Corrective Action Plan