Finding 1147770 (2024-006)

Significant Deficiency
Requirement
C
Questioned Costs
-
Year
2024
Accepted
2025-07-15
Audit: 362285
Organization: Morris Colllege (SC)

AI Summary

  • Answer: Internal controls failed to prevent duplicate drawdowns of grant funds.
  • Trend: This issue indicates a pattern of inadequate oversight in financial processes.
  • List: Review and strengthen internal controls to avoid future duplicate fund drawdowns.

Finding Text

Internal controls were not sufficient to ensure duplicate drawdowns did not occur, resulting in the College drawing down duplicate grant funds before expenditures had been occurred.

Categories

Cash Management Internal Control / Segregation of Duties

Other Findings in this Audit

  • 571328 2024-006
    Significant Deficiency
  • 571329 2024-006
    Significant Deficiency
  • 571330 2024-006
    Significant Deficiency
  • 571331 2024-006
    Significant Deficiency
  • 571332 2024-007
    Material Weakness
  • 571333 2024-007
    Material Weakness
  • 571334 2024-007
    Material Weakness
  • 571335 2024-007
    Material Weakness
  • 571336 2024-007
    Material Weakness
  • 571337 2024-007
    Material Weakness
  • 571338 2024-007
    Material Weakness
  • 571339 2024-008
    Material Weakness Repeat
  • 571340 2024-008
    Material Weakness Repeat
  • 571341 2024-008
    Material Weakness Repeat
  • 571342 2024-008
    Material Weakness Repeat
  • 571343 2024-008
    Material Weakness Repeat
  • 571344 2024-009
    Material Weakness Repeat
  • 571345 2024-009
    Material Weakness Repeat
  • 571346 2024-009
    Material Weakness Repeat
  • 1147771 2024-006
    Significant Deficiency
  • 1147772 2024-006
    Significant Deficiency
  • 1147773 2024-006
    Significant Deficiency
  • 1147774 2024-007
    Material Weakness
  • 1147775 2024-007
    Material Weakness
  • 1147776 2024-007
    Material Weakness
  • 1147777 2024-007
    Material Weakness
  • 1147778 2024-007
    Material Weakness
  • 1147779 2024-007
    Material Weakness
  • 1147780 2024-007
    Material Weakness
  • 1147781 2024-008
    Material Weakness Repeat
  • 1147782 2024-008
    Material Weakness Repeat
  • 1147783 2024-008
    Material Weakness Repeat
  • 1147784 2024-008
    Material Weakness Repeat
  • 1147785 2024-008
    Material Weakness Repeat
  • 1147786 2024-009
    Material Weakness Repeat
  • 1147787 2024-009
    Material Weakness Repeat
  • 1147788 2024-009
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
84.268 Federal Direct Student Loans $2.59M
84.063 Federal Pell Grant Program $2.32M
84.031 Higher Education Institutional Aid $863,046
84.047 Trio Upward Bound $496,462
81.137 Minority Economic Impact $352,365
84.042 Trio Student Support Services $314,974
84.007 Federal Supplemental Educational Opportunity Grants $304,288
84.425 Education Stabilization Fund $250,648
84.033 Federal Work-Study Program $81,835
81.123 National Nuclear Security Administration (nnsa) Minority Serving Institutions (msi) Program $18,867