Finding 1168720 (2023-004)

Material Weakness Repeat Finding
Requirement
B
Questioned Costs
-
Year
2023
Accepted
2026-01-12

AI Summary

  • Issue: There are inadequate controls in place to ensure compliance with the Uniform Guidance regarding timely submission of single audit reports.
  • Trend: This has led to repeated instances of late filings, which could result in penalties or loss of funding.
  • Recommendation: Implement stronger monitoring and reporting processes to ensure all audit reports are filed on time.

Finding Text

Lack of proper controls over compliance with the Uniform Guidance over late filing of required single audit reports.

Corrective Action Plan

RIAC recognizes the requirement under federal and state laws, as well as contract agreements, to maintain a written cost allocation plan that accurately tracks direct and indirect costs across programs and supporting services. While RIAC is currently tracking allocations manually in Excel, we will transition this process into QuickBooks to ensure allocations are applied accurately, consistently, and in real time. A formal cost allocation policy will be developed and documented, outlining the methodology used for assigning shared costs based on reasonable and supportable allocation bases. The finance team will be trained on using QuickBooks for allocation purposes, and system settings will be configured to automate and track allocations by program and funding source. Regular reviews will be conducted to ensure compliance with Uniform Guidance and contractual requirements. This system improvement will enhance efficiency, improve audit readiness, and ensure proper cost tracking for all programs.

Categories

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Other Findings in this Audit

  • 1168718 2023-004
    Material Weakness Repeat
  • 1168719 2023-005
    Material Weakness Repeat
  • 1168721 2023-005
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
19.510 U.S. REFUGEE ADMISSIONS PROGRAM $1.48M
93.566 REFUGEE AND ENTRANT ASSISTANCE STATE/REPLACEMENT DESIGNEE ADMINISTERED PROGRAMS $966,133