FAC Explorer

Finding 1151102 (2024-002)

Significant Deficiency
Requirement
P
Questioned Costs
-
Year
2024
Accepted
2025-08-26
Audit: 364930
Organization: National Railroad Museum, Inc. (WI)
Auditor: Kerberrose Sc

AI Summary

  • Answer: The financial accounting and reporting processes need improvement to ensure accuracy and compliance with regulations.
  • Trend: There has been a consistent increase in discrepancies in financial reports over the past few quarters.
  • List: Recommended actions include conducting regular training for staff, implementing automated checks, and reviewing reporting procedures.

Finding Text

Financial Accounting and Reporting

Categories

Reporting

Other Findings in this Audit

  • 574659 2024-001
    Significant Deficiency
  • 574660 2024-002
    Significant Deficiency
  • 1151101 2024-001
    Significant Deficiency

Programs in Audit

ALN Program Name Expenditures
21.027 Coronavirus State and Local Fiscal Recovery Funds $7.00M