FAC Explorer

Finding 1154895 (2024-002)

Material Weakness Repeat Finding
Requirement
C
Questioned Costs
-
Year
2024
Accepted
2025-09-24
Audit: 367237
Organization: South Central Medical and Resource Center, Inc. (OK)
Auditor: Johnston and Bryant Certified Public Accountants

AI Summary

  • Answer: Implement written accounting procedures for accounts receivable management.
  • Trend: Monthly reconciliation of the accounts receivable subsidiary ledger with the general ledger is essential.
  • List: Train staff on performing and documenting these reconciliations.

Finding Text

We recommend that the organization implement written accounting procedures that include maintaining an accounts receivable subsidiary ledger and reconciling it to the general ledger on a monthly basis. Staff responsible for accounts receivable should be trained to perform and document these reconciliations.

Corrective Action Plan

Corrective Actions Taken:

Categories

No categories assigned yet.

Other Findings in this Audit

  • 1154894 2024-001
    Material Weakness Repeat
  • 1154896 2024-003
    Material Weakness Repeat
  • 1154897 2024-004
    Material Weakness Repeat
  • 1154898 2024-005
    Material Weakness Repeat
  • 1154899 2024-006
    Material Weakness Repeat
  • 1154900 2024-007
    Material Weakness Repeat
  • 1154901 2024-008
    Material Weakness Repeat
  • 1154902 2024-009
    Material Weakness Repeat
  • 1154903 2024-010
    Material Weakness Repeat
  • 1154904 2024-011
    Material Weakness Repeat
  • 1154905 2024-012
    Material Weakness Repeat
  • 1154906 2024-013
    Material Weakness Repeat
  • 1154907 2024-014
    Material Weakness Repeat
  • 1154908 2024-015
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
93.224 Consolidated Health Centers (community Health Centers, Migrant Health Centers, Health Care for the Homeless, and Public Housing Primary Care) $1.78M
21.027 Coronavirus State and Local Fiscal Recovery Funds $227,330