Finding 1153155 (2024-002)

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

AI Summary

  • Answer: The documentation for the internal control system is insufficient.
  • Trend: This issue has been recurring, indicating a pattern of neglect in maintaining proper records.
  • List: Review and enhance documentation practices, ensure all components are clearly recorded, and schedule regular audits to verify compliance.

Finding Text

Inadequate Documentation of the Components of the System of Internal Control

Corrective Action Plan

All of AMPAA’s transactions are electronic using the accounting software from QuickBooks. Monthly billing invoices will either be generated through QuickBooks or uploaded into QuickBooks on the date received. When cash is deposited it will be applied against the appropriate invoice in QuickBooks. Disbursements will be entered into QuickBooks directly. Bank account balances will be compared per trial balances with all QuickBooks transactions reconciled to the monthly bank statements. For procurement processes, all invoices will be issued and cleared through QuickBooks.

Categories

Allowable Costs / Cost Principles Internal Control / Segregation of Duties

Other Findings in this Audit

  • 1153154 2024-001
    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