FAC Explorer

Finding 1160967 (2024-001)

Material Weakness Repeat Finding
Requirement
N
Questioned Costs
$1
Year
2024
Accepted
2025-10-20
Audit: 371015
Organization: Housing Associates, Inc. (MD)
Auditor: LOCHTE & COMPANY PA

AI Summary

  • Core Issue: There are discrepancies in financial reporting that could affect accuracy.
  • Impacted Requirements: Compliance with accounting standards and internal controls is at risk.
  • Recommended Follow-Up: Conduct a thorough review of financial statements and strengthen oversight processes.

Finding Text

October 2024.

Corrective Action Plan

The shortage to the security deposit account was funded in August and September 2024 to correct the deficiency

Categories

Questioned Costs

Other Findings in this Audit

  • 1160968 2024-002
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
14.181 Supportive Housing for Persons with Disabilities $116,191