Finding 1136935 (2024-002)

Finding 2024-002: Material Weakness, Internal Control Over Compliance, Cash Management Criteria: A recipient of federal award is required to report information to the federal agency and is required to ensure there are controls in place over cash management. Condition and Context: The Organization did not have a formally documented control in place to ensure all cash management processes were completed accurately. Cause: The related review of cash management controls were not documented. Effect or Potential Effect: Without sufficient documentation and monitoring controls, the Organization may not be able to detect an error in cash management on a timely basis. Recommendation: We recommend the Organization establish and follow a documented internal control process over review of cash management.