FAC Explorer

Finding 1145592 (2024-001)

Significant Deficiency
Requirement
P
Questioned Costs
-
Year
2024
Accepted
2025-06-30
Audit: 360732
Organization: Safelight (SC)
Auditor: Phillips CPAS and Advisors

AI Summary

  • Answer: There's a problem with how accounting duties are divided, allowing some individuals to handle both assets and records.
  • Trend: This issue increases the risk of errors or fraud due to insufficient checks and balances.
  • List: Implement clear roles and responsibilities to ensure proper segregation of duties in accounting.

Finding Text

There is a lack of segregation of accounting duties that enables the same individuals to have access to both physical assets and the related accounting records or to all phases of a transaction.

Categories

HUD Housing Programs

Other Findings in this Audit

  • 569147 2024-001
    Significant Deficiency
  • 569148 2024-001
    Significant Deficiency
  • 569149 2024-001
    Significant Deficiency
  • 569150 2024-001
    Significant Deficiency
  • 1145589 2024-001
    Significant Deficiency
  • 1145590 2024-001
    Significant Deficiency
  • 1145591 2024-001
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
16.753 Congressionally Recommended Awards $293,318
16.575 Crime Victim Assistance $124,656
16.582 Crime Victim Assistance/discretionary Grants $82,500
14.267 Continuum of Care Program $75,871
21.027 Coronavirus State and Local Fiscal Recovery Funds $69,375
16.588 Violence Against Women Formula Grants $54,770
93.671 Family Violence Prevention and Services/domestic Violence Shelter and Supportive Services $54,000
93.667 Social Services Block Grant $24,463
93.669 Child Abuse and Neglect State Grants $278