Finding 1167323 (2024-001)

Material Weakness Repeat Finding

Requirement

Questioned Costs

Year

2024

Accepted

2025-12-30

Audit: 378354

Organization: Primary Care Health Services, Inc. (PA)

Auditor: ANDREW N WIMBISH CPA PLLC

AI Summary

Answer: Management needs to improve the closing process and allow more time for the accounting team to complete their tasks.
Trend: Delays in gathering and reviewing information are impacting the accuracy of the general ledger.
List: Consider hiring key financial staff to strengthen internal controls.

Finding Text

Management should revise the closing process and extend deadlines if needed to ensure the accounting department has sufficient time to gather, prepare, review the required information, and record all necessary adjustments in the general ledger. We also recommend that management take appropriate steps to hire key financial staff to enhance the overall internal control process.

Corrective Action Plan

We concur with the audit finding and are committed to implementing corrective actions. Management will hire key financial staff and implement a month-end closing schedule to ensure the timely completion of its monthly financial statements. Additionally, balance sheet account reconciliations will be prepared and reviewed on a timely basis to ensure all adjustments are recorded in the correct periods. A monthly financial statement package will be prepared and reviewed by Management to ensure appropriate presentation in accordance with U.S. Generally Accepted Accounting Principles (“GAAP”).

Other Findings in this Audit

1167324 2024-002

Material Weakness Repeat
1167325 2024-003

Material Weakness Repeat

Programs in Audit

ALN	Program Name	Expenditures
93.224	HEALTH CENTER PROGRAM (COMMUNITY HEALTH CENTERS, MIGRANT HEALTH CENTERS, HEALTH CARE FOR THE HOMELESS, AND PUBLIC HOUSING PRIMARY CARE)	$6.97M
32.006	COVID-19 TELEHEALTH PROGRAM	$238,925