FAC Explorer

Finding 1137954 (2024-003)

Material Weakness
Requirement
L
Questioned Costs
-
Year
2024
Accepted
2025-05-27
Audit: 357109
Organization: Stedman-Wade Health Services, Inc. (NC)
Auditor: Rose Group CPAS

AI Summary

  • Answer: There is a significant issue with how payroll costs are allocated between the PRF and ERTC programs.
  • Trend: This misallocation could lead to ongoing compliance risks and financial inaccuracies.
  • List: Review payroll allocation processes, ensure proper documentation, and implement corrective measures to align with program requirements.

Finding Text

Material Weakness: Inadequate Payroll Cost Allocation Between PRF and ERTC

Categories

Allowable Costs / Cost Principles Material Weakness

Other Findings in this Audit

  • 561510 2024-001
    Material Weakness
  • 561511 2024-002
    Material Weakness
  • 561512 2024-003
    Material Weakness
  • 1137952 2024-001
    Material Weakness
  • 1137953 2024-002
    Material Weakness

Programs in Audit

ALN Program Name Expenditures
93.224 Consolidated Health Centers (community Health Centers, Migrant Health Centers, Health Care for the Homeless, and Public Housing Primary Care) $2.12M