Finding 1167324 (2024-002)

Material Weakness Repeat Finding
Requirement
L
Questioned Costs
-
Year
2024
Accepted
2025-12-30

AI Summary

  • Answer: The Corporation needs to ensure timely filing of audit reports.
  • Trend: Delays in filing can lead to compliance issues and affect credibility.
  • List: Follow up by setting reminders and tracking deadlines for future audits.

Finding Text

We recommend that the Corporation file audit reports on time.

Corrective Action Plan

We concur with the audit findings, and management has taken steps to improve internal controls over financial reporting and compliance, ensuring that financial statements are completed accurately and on time. These changes include updates to internal financial processes, such as implementing month-end close reporting schedules, preparing and reviewing balance sheet account reconciliations monthly, and hiring key financial staff.

Categories

No categories assigned yet.

Other Findings in this Audit

  • 1167323 2024-001
    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