FAC Explorer

Finding 11015 (2019-005)

Material Weakness
Requirement
B
Questioned Costs
-
Year
2019
Accepted
2024-01-31
Audit: 14900
Organization: Consortium of Universities for the Advancement of Hydrologic Science, Inc. (MA)
Auditor: Kelly Vitale Raffol LLC

AI Summary

  • Answer: New management has improved retention and control of source documents in the accounting system.
  • Trend: This change addresses the previous issue of 4% inadequately documented transactions.
  • List: Ensure ongoing compliance with the new retention policy and monitor documentation quality.

Finding Text

Newly established retention and control of source documents has been implemented with new 2023 management within the accounting system providing source documentation for unlimited retention of source documentation to remedy the 4% inadequately documented transactions in this test pool.

Corrective Action Plan

Newly established retention and control of source documents has been implemented with new 2023 management within the accounting system providing source documentation for unlimited retention of source documentation to remedy the 4% inadequately documented transactions in this test pool.

Categories

No categories assigned yet.

Other Findings in this Audit

  • 11011 2019-001
    Material Weakness
  • 11012 2019-002
    Material Weakness
  • 11013 2019-003
    Material Weakness
  • 11014 2019-004
    Material Weakness
  • 11016 2019-006
    Material Weakness
  • 11017 2019-007
    Material Weakness
  • 11018 2019-008
    Material Weakness
  • 11019 2019-009
    Material Weakness
  • 11020 2019-010
    Material Weakness
  • 11021 2019-011
    Material Weakness
  • 587453 2019-001
    Material Weakness
  • 587454 2019-002
    Material Weakness
  • 587455 2019-003
    Material Weakness
  • 587456 2019-004
    Material Weakness
  • 587457 2019-005
    Material Weakness
  • 587458 2019-006
    Material Weakness
  • 587459 2019-007
    Material Weakness
  • 587460 2019-008
    Material Weakness
  • 587461 2019-009
    Material Weakness
  • 587462 2019-010
    Material Weakness
  • 587463 2019-011
    Material Weakness

Programs in Audit

ALN Program Name Expenditures
47.050 Geosciences $1.45M
47.080 Office of Cyberinfrastructure $80,192
47.083 Integrative Activities $28,517
47.079 Office of Internal Science and Engineering $13,688
47.070 Computer and Information Science Engineering $9,122
47.070 Computer and Information Science and Engineering $4,346