FAC Explorer

Finding 1173203 (2023-001)

Material Weakness Repeat Finding
Requirement
I
Questioned Costs
-
Year
2023
Accepted
2026-02-11
Audit: 386687
Organization: Keams Canyon Elementary School (AZ)
Auditor: BDR RICHARDS CPAS PLC

AI Summary

  • Answer: School management must set up and maintain internal controls for accurate financial reporting.
  • Trend: Adherence to GAAP is crucial for ensuring reliable accounting practices.
  • List: Key areas of focus include controls over accounting records and general ledger transactions.

Finding Text

According to generally accepted accounting principles (GAAP), School management is responsible for establishing and maintaining internal controls over financial reporting to include controls over the School's accounting records and general ledger transactions

Corrective Action Plan

The School has hired a consultant to train and assist school personnel in internal controls and processing transactions. The School has hired a Business Manager and Human Resource Manager.

Categories

Reporting Internal Control / Segregation of Duties

Other Findings in this Audit

  • 1173199 2023-001
    Material Weakness Repeat
  • 1173200 2023-002
    Material Weakness Repeat
  • 1173201 2023-003
    Material Weakness Repeat
  • 1173202 2023-004
    Material Weakness Repeat
  • 1173204 2023-002
    Material Weakness Repeat
  • 1173205 2023-003
    Material Weakness Repeat
  • 1173206 2023-004
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
15.042 INDIAN SCHOOL EQUALIZATION $1.46M
15.046 ADMINISTRATIVE COST GRANTS FOR INDIAN SCHOOLS $596,497
84.010 TITLE I GRANTS TO LOCAL EDUCATIONAL AGENCIES $432,313
15.044 INDIAN SCHOOLS STUDENT TRANSPORTATION $285,961
84.027 SPECIAL EDUCATION GRANTS TO STATES $242,944
84.425 EDUCATION STABILIZATION FUND $218,745
15.047 INDIAN EDUCATION FACILITIES, OPERATIONS, AND MAINTENANCE $174,292
10.559 SUMMER FOOD SERVICE PROGRAM FOR CHILDREN $75,741
15.149 FOCUS ON STUDENT ACHIEVEMENT $30,184
84.060 INDIAN EDUCATION GRANTS TO LOCAL EDUCATIONAL AGENCIES $26,075
84.336 TEACHER QUALITY PARTNERSHIP GRANTS $25,445
84.358 RURAL EDUCATION $460
84.424 STUDENT SUPPORT AND ACADEMIC ENRICHMENT PROGRAM $147