Finding 1145874 (2024-001)

2024-001: Significant Deficiency Economic Adjustment Assistance – 11.307 – Reporting Criteria Federal reporting requirements require all reports to be completed accurately. Condition One report was not accurately completed. Cause The Organization did not have sufficient procedures in place to ensure that the reports were completed accurately. Effect One report was completed inaccurately, resulting in noncompliance with reporting requirements. Questioned Costs These errors noted were due to missing two loans on the report. No questioned costs. Context Two reports were selected for testing – ED-209 and ED-917. Only the ED-917 report contained errors. With the ED-917 report, the reporting period was for July 2023 to June 2024, but two loans from late 2023 were not included in the report due to management oversight. Repeat Finding No. Recommendation The Organization should implement procedures to ensure that reports are completed accurately and the person reviewing the report should compare information reported to the supporting documentation. Views of Responsible Officials and Planned Corrective Actions The Organization agrees with the recommendation and will implement immediately.