FAC Explorer

Finding 1168659 (2024-004)

Material Weakness Repeat Finding
Requirement
L
Questioned Costs
-
Year
2024
Accepted
2026-01-09
Audit: 380632
Organization: Autoridad Del Distrito Del Centro De Convenciones (PR)
Auditor: RSM PUERTO RICO

AI Summary

  • Answer: The Authority failed to submit bi-weekly financial reports on time.
  • Trend: This delay indicates a pattern of non-compliance with reporting requirements.
  • List: Follow up by ensuring timely submissions and reviewing processes for potential improvements.

Finding Text

The Authority did not submit or submit with delay the required bi-weekly financial reports.

Corrective Action Plan

A compliance calendar with reminders will be implemented. Each report will require dual verification (Finance and Project Management) before submission. Training will be provided to all personnel responsible for CSLFRF reporting to reinforce program requirements.

Categories

No categories assigned yet.

Other Findings in this Audit

  • 1168658 2024-003
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
21.027 CORONAVIRUS STATE AND LOCAL FISCAL RECOVERY FUNDS $11.05M
97.036 DISASTER GRANTS - PUBLIC ASSISTANCE (PRESIDENTIALLY DECLARED DISASTERS) $241,608