FAC Explorer

Finding 1166142 (2025-001)

Material Weakness Repeat Finding
Requirement
P
Questioned Costs
-
Year
2025
Accepted
2025-12-22
Audit: 377023
Organization: Youth Services Network, Inc. (IL)
Auditor: LUCAS GROUP CPAS + ADVISORS PLLC

AI Summary

  • Answer: Youth Services Network, Inc. has inadequate separation of responsibilities for handling cash transactions.
  • Trend: This issue can lead to increased risk of errors or fraud in financial reporting.
  • List: Implement clear roles for cash handling, recording, and oversight to improve accountability.

Finding Text

Youth Services Network, Inc. has a lack of segregation of duties over cash receipts and disbursements and the subsequent recording of these transactions in the accounting records.

Corrective Action Plan

Youth Services Network, Inc. has implemented several compensating controls but simply cannot justify the expense of hiring additional staff to reach the standard of segregation of duties suggested.

Categories

Internal Control / Segregation of Duties

Other Findings in this Audit

  • 1166141 2025-001
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
93.623 BASIC CENTER GRANT $179,643
93.276 DRUG-FREE COMMUNITIES SUPPORT PROGRAM GRANTS $108,678
93.600 HEAD START $75,404
93.667 SOCIAL SERVICES BLOCK GRANT $19,292
10.558 CHILD AND ADULT CARE FOOD PROGRAM $7,676
97.024 EMERGENCY FOOD AND SHELTER NATIONAL BOARD PROGRAM $7,500