Finding 1170779 (2024-004)

Material Weakness Repeat Finding

Requirement

Questioned Costs

Year

2024

Accepted

2026-01-27

Audit: 384028

Organization: New Economics for Women and Affiliates (CA)

Auditor: APRIO ADVISORY GROUP LLC

AI Summary

Answer: Assign a specific team member in finance to confirm the federal status of all awards and loans.
Trend: Regular training on SEFA and Uniform Guidance is essential for compliance.
List: Implement a training schedule and designate responsibilities to enhance accountability.

Finding Text

Designate responsibility within the finance team for verifying the federal nature of all awards and loans and ensure ongoing training on SEFA and Uniform Guidance Requirements.

Corrective Action Plan

Management acknowledges the significant deficiency related to the preparation of the SEFA. To address this issue, management will enhance controls over preparing the SEFA and that the responsibility of verifying the federal nature of all awards and loans is designated to an appropriate finance team member.

Other Findings in this Audit

1170778 2024-004

Material Weakness Repeat

Programs in Audit

ALN	Program Name	Expenditures
14.256	NEIGHBORHOOD STABILIZATION PROGRAM (RECOVERY ACT FUNDED)	$8.45M
14.218	COMMUNITY DEVELOPMENT BLOCK GRANTS/ENTITLEMENT GRANTS	$671,520
93.569	COMMUNITY SERVICES BLOCK GRANT	$312,420
14.169	HOUSING COUNSELING ASSISTANCE PROGRAM	$176,506
59.043	WOMEN'S BUSINESS OWNERSHIP ASSISTANCE	$150,000