Finding Text
CONDITION AND CRITERIA: During the year ended February 28, 2023, controls were not designed effectively to ensure expenses were properly accounted for in the correct period. Controls should be put in place to ensure that proper expense cut-off is achieved. CAUSE: Systems and procedures were not followed to ensure proper expense cut-off was achieved EFFECT: By not having proper controls in place, it resulted in a $112,179 reduction in expenses charged to the award. RECOMMENDATION: Controls should be followed to ensure proper expense cut-off is achieved. VIEWS OF RESPONSIBLE OFFICIALS AND PLANNED CORRECTIVE ACTIONS: The Organization has implemented new controls and staffing recently that are intended to remediate this matter.