FAC Explorer

Finding 1148491 (2024-006)

Material Weakness
Requirement
ABCGHI
Questioned Costs
-
Year
2024
Accepted
2025-07-28
Audit: 363166
Organization: East Franklin Township (PA)
Auditor: Jmallc

AI Summary

  • Answer: The audit found discrepancies in fixed asset accounting related to the Clean Water State Revolving Fund Non-Equivalency Project.
  • Trend: There is a pattern of inconsistent asset reporting and valuation practices that could lead to financial misstatements.
  • List: Review fixed asset policies, ensure accurate reporting, and conduct training for staff on compliance requirements.

Finding Text

Fixed Asset Accounting – Clean Water State Revolving Fund Non-Equivalency Project

Categories

No categories assigned yet.

Other Findings in this Audit

  • 572048 2024-005
    Material Weakness
  • 572049 2024-006
    Material Weakness
  • 572050 2024-007
    Significant Deficiency
  • 572051 2024-008
    Significant Deficiency
  • 1148490 2024-005
    Material Weakness
  • 1148492 2024-007
    Significant Deficiency
  • 1148493 2024-008
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
66.458 Clean Water State Revolving Fund $1.41M