FAC Explorer

Finding 1136710 (2024-001)

Significant Deficiency
Requirement
P
Questioned Costs
-
Year
2024
Accepted
2025-05-13
Audit: 356200
Organization: Northwest Indiana Regional Development Authority (IN)
Auditor: Lwg CPAS & Advisors

AI Summary

  • Issue: Some amounts were not recorded correctly as payable and receivable by December 31, 2024.
  • Impact: This could lead to an inaccurate financial position for the RDA as of December 31, 2024.
  • Follow-up: Ensure proper recording of all payables and receivables in future financial statements.

Finding Text

Certain amounts were not properly recorded as payable and receivable at December 31, 2024. The financial position of the RDA could be inaccurately presented due to these amounts not being included in the December 31, 2024 financial position. Accounts payable and accounts receivable were adjusted with the audit.

Categories

No categories assigned yet.

Other Findings in this Audit

  • 560268 2024-001
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
20.316 Railroad Rehabilitation and Improvement Financing Program $74.09M