Finding 1155380 (2024-001)

Material Weakness Repeat Finding
Requirement
P
Questioned Costs
-
Year
2024
Accepted
2025-09-25

AI Summary

  • Answer: The airport authority lacks sufficient staff to ensure proper segregation of duties.
  • Trend: This issue can lead to increased risk of errors or fraud due to inadequate internal controls.
  • List: Recommend assessing staffing needs and consider hiring or reallocating resources to strengthen internal controls.

Finding Text

Blytheville-Gosnell Regional Airport Authority does not have enough employees for the appropriate segregation of duties necessary for effective internal controls.

Corrective Action Plan

Entity managmenet will segregate the accounting duties related to initiaing, receipting, depositing, disbursing, and recording transactions to the extent possible with current staffing levels effective September 5, 2025.

Categories

Internal Control / Segregation of Duties

Programs in Audit

ALN Program Name Expenditures
20.106 Airport Improvement Program, Infrastructure Investment and Jobs Act Programs, and Covid-19 Airports Programs $1.43M