Finding Text
2024-001 Expense Approval Documentation – Significant Deficiency
Criteria: Expenditures should be approved by a responsible official of SAFE who is aware of the various compliance requirements under the respective grant, this approval should be documented.
Condition: During our testing, we tested 20 transactions and found that 16 did not contain documentation of approval.
Cause: Undetermined.
Effect: SAFE did not follow their policy for approval of transactions, which allows for the possibility of having purchased items that do not conform to grant requirements.
Recommendation: We recommend that SAFE develops a more comprehensive system to ensure that all transactions are properly reviewed and approved.