Finding 1153154 (2024-001)

Material Weakness Repeat Finding
Requirement
P
Questioned Costs
-
Year
2024
Accepted
2025-09-16

AI Summary

  • Answer: The current IT controls are not well-designed, leading to incomplete and inaccurate information.
  • Trend: This issue could affect financial reporting and decision-making if not addressed promptly.
  • List: Review and improve IT controls to ensure they meet financial reporting objectives and current needs.

Finding Text

Inadequate Design of IT General and Application Controls that Prevent the Information System From Providing Complete And Accurate Information Consistent with Financial Reporting Objectives and Current Needs

Corrective Action Plan

We concur with the recommendation, and procedures were implemented effective December 9, 2024. QuickBooks was only used for payroll since 2022 but now the accounting software used for all accounting and record transactions. The entries will be reconciled and financial statements prepared by the Chief Finance Officer (CFO) and reviewed by AMPAA’s Treasurer and third-party non-auditor CPA on a monthly basis. The Treasurer will review financial statements only and then present the analysis to the Board Members on a quarterly basis during board meetings.

Categories

Reporting

Other Findings in this Audit

  • 1153155 2024-002
    Material Weakness Repeat
  • 1153156 2024-003
    Material Weakness Repeat
  • 1153157 2024-004
    Material Weakness Repeat
  • 1153158 2024-005
    Material Weakness Repeat
  • 1153159 2024-006
    Material Weakness Repeat
  • 1153160 2024-007
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
93.U93 Refugee and Entrant Assistance- State/replacement Designee-Administered Programs Grant $978,674