Finding Text
Finding 2024 – 001: Grant Audit Journal Entries Condition: During audit fieldwork, our testing resulted in grant audit adjustments in order to present materially accurate financial statements. Corrective Action Plan: The Controller, along with staff, will review year-end adjustments as part of the audit preparation process and work to reduce the number of entries proposed by the auditors and prepare fully adjusted financial statements prior to audit fieldwork. Anticipated Date of Completion: Fiscal Year 2025 Name of Contact Person: Chris Wiersema, Controller Management Response: Management agrees with the findings. The Controller will have a meeting with the Treasurer who is a CPA and a former auditor and together they will create a plan to ensure this error does not happen on future reports.