Finding 1166812 (2023-002)

Material Weakness Repeat Finding

Requirement

Questioned Costs

Year

2023

Accepted

2025-12-29

Audit: 377925

Organization: Summit County Child Care Resource and Referral (CO)

Auditor: SUMMIT ACCOUNTANTS PLLC

AI Summary

Answer: The revenue cut-off process is lacking or not working properly.
Trend: This issue could lead to inaccurate financial reporting and affect overall revenue recognition.
List: Recommend reviewing and improving the cut-off procedures to ensure compliance and accuracy.

We observed that the process for ensuiring proper cut off of revenue is not present or functioning effectively.

Dismissal of current bookkeepers, and hired on CPA to assist with implementation of additional internal controls.

ALN	Program Name	Expenditures
93.600	HEAD START	$180,922