FAC Explorer

Finding 1163133 (2024-002)

Material Weakness Repeat Finding
Requirement
P
Questioned Costs
-
Year
2024
Accepted
2025-12-01
Audit: 372674
Organization: Share Food Program, In.c (PA)
Auditor: O'CONNELL @ COMPANY LLC

AI Summary

  • Answer: There is a significant issue in our financial reporting process that could lead to inaccurate financial statements.
  • Trend: This weakness has been identified as a recurring problem, indicating a need for improved controls and oversight.
  • List: Recommended actions include conducting a thorough review of financial reporting practices, enhancing training for staff, and implementing stronger internal controls.

Finding Text

Finding 2024-02: Material Weakness - Financial Reporting

Corrective Action Plan

Share Food Program will obtain verification of reportable amounts where pass-through activity is applicable. This amount will be reconciled to the amounts and disclosures in the financial statements. This was implemented for finanical reporting for the fiscal year ended June 30, 2025.

Categories

Material Weakness Reporting

Other Findings in this Audit

  • 1163110 2024-001
    Material Weakness Repeat
  • 1163111 2024-001
    Material Weakness Repeat
  • 1163112 2024-001
    Material Weakness Repeat
  • 1163113 2024-001
    Material Weakness Repeat
  • 1163114 2024-001
    Material Weakness Repeat
  • 1163115 2024-001
    Material Weakness Repeat
  • 1163116 2024-001
    Material Weakness Repeat
  • 1163117 2024-001
    Material Weakness Repeat
  • 1163118 2024-001
    Material Weakness Repeat
  • 1163119 2024-001
    Material Weakness Repeat
  • 1163120 2024-001
    Material Weakness Repeat
  • 1163121 2024-001
    Material Weakness Repeat
  • 1163122 2024-002
    Material Weakness Repeat
  • 1163123 2024-002
    Material Weakness Repeat
  • 1163124 2024-002
    Material Weakness Repeat
  • 1163125 2024-002
    Material Weakness Repeat
  • 1163126 2024-002
    Material Weakness Repeat
  • 1163127 2024-002
    Material Weakness Repeat
  • 1163128 2024-002
    Material Weakness Repeat
  • 1163129 2024-002
    Material Weakness Repeat
  • 1163130 2024-002
    Material Weakness Repeat
  • 1163131 2024-002
    Material Weakness Repeat
  • 1163132 2024-002
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
10.569 EMERGENCY FOOD ASSISTANCE PROGRAM (FOOD COMMODITIES) $9.87M
10.565 COMMODITY SUPPLEMENTAL FOOD PROGRAM $3.23M
10.568 EMERGENCY FOOD ASSISTANCE PROGRAM (ADMINISTRATIVE COSTS) $359,365
14.218 COMMUNITY DEVELOPMENT BLOCK GRANTS/ENTITLEMENT GRANTS $196,260
10.187 THE EMERGENCY FOOD ASSISTANCE PROGRAM (TEFAP) COMMODITY CREDIT CORPORATION ELIGIBLE RECIPIENT FUNDS $182,842
21.027 CORONAVIRUS STATE AND LOCAL FISCAL RECOVERY FUNDS $42,562