Finding 1174836 (2022-004)

Material Weakness Repeat Finding
Requirement
A
Questioned Costs
-
Year
2022
Accepted
2026-02-20
Audit: 388400
Organization: Insight Chicago, Inc. (IL)
Auditor: RSM US LLP

AI Summary

  • Core Issue: The Company failed to provide evidence of review and approval for non-payroll expenses related to the COVID-19 grant program.
  • Impacted Requirements: Internal controls over federal awards were not maintained as required by Uniform Guidance (2 CFR 200.303).
  • Recommended Follow-Up: Management should improve processes to ensure documentation of reviews and approvals for compliance with grant terms.

Finding Text

Assistance Listing Number 21.027 - COVID-19 – Coronavirus State and Local Fiscal Recovery Funds - U.S. Department of Treasury - Federal award identification number – 38080716K and ARPA100007 - Federal award year – 2022 and 2023 Significant Deficiency Criteria: Uniform Guidance (2 CFR 200.303) requires non-federal entities receiving Federal awards to establish and maintain internal controls over federal awards to ensure compliance with applicable laws, regulations, and the terms and conditions of the award. This includes maintaining documentation that evidences the design and operating effectiveness of control activities, such as supervisory reviews and approvals related to allowable costs and program compliance. Condition: The Company was not able to evidence the review and approval of non-payroll expenses incurred in connection with the Coronavirus State and Local Fiscal Recovery Funds grant program. Cause: The Company did not implement procedures to retain documentation evidencing the performance of specific internal control activities over compliance. Effect: There is an increased risk of improper use of grant funds. Questioned costs: None. Context: The Company could not provide evidence of review and approval of non-payroll expenditures for the program totaling $5,008 of the total $4,144,691 on the schedule of expenditures of Federal awards. Identification as a repeat finding, if applicable: This is not a repeat finding. Recommendation: We recommend management review current processes, polices and procedures to ensure evidence of review and approval of activities allowed or unallowed and adherence to applicable cost principles is properly maintained. View of responsible officials and planned corrective actions: Management agrees with the finding and recommendation.

Corrective Action Plan

Finding: The Company was not able to evidence the review and approval of non-payroll expenses incurred in connection with the Coronavirus State and Local Fiscal Recovery Funds grant program. Corrective Actions Taken or Planned: During the testing there was one invoice Insight was not able to document that it had been approved by management to pay. During this period of 2022 we were on a manual accounts payable system. Invoices were approved before payment was made by email and the email was to be printed and attached. In September of 2022 we implemented a new ERP system. This system requires electronic approval by management for the invoice to be paid. Ferrick Jones, Controller, is responsible for ensuring this is remediated.

Categories

Allowable Costs / Cost Principles Reporting Significant Deficiency Matching / Level of Effort / Earmarking

Other Findings in this Audit

  • 1174834 2022-004
    Material Weakness Repeat
  • 1174835 2022-005
    Material Weakness Repeat
  • 1174837 2022-005
    Material Weakness Repeat

Programs in Audit

ALN Program Name Expenditures
21.027 CORONAVIRUS STATE AND LOCAL FISCAL RECOVERY FUNDS $2.08M